• Bitcoin just smashed through the $84k resistance! This kind of technical behavior is exactly what we’ve seen before during previous bull runs.
• And get this – the weekly charts are flashing some majorly bullish signals too! We’re talking about key indicators like the MA50 support holding strong and the RSI pushing above 70. These are the kinds of signals that have historically lined up with previous market cycles.
• Now, all eyes are on whether Bitcoin can nail a daily close above $88k. Analysts see this as the crucial confirmation we need to know if this pattern is really holding true.

It’s pretty wild how much Bitcoin’s current market cycle is mirroring the way things played out in 2017 and 2021, especially those structural resets we saw back then.

And get this – important market indicators are also echoing past patterns! We’re seeing similar alignments in things like the relationship between Bitcoin and market volatility (that’s the BTC/VIX ratio for you chart watchers!) and the total crypto market cap on the weekly charts. These are all looking a lot like they did right before major market shifts in the past. Think of those big price drops not just as crashes, but more like crucial market resets that cleared the path for even bigger rallies later on.

The Bitcoin Script: How Past Crashes Historically Set Up New Highs

Zooming out and looking at Bitcoin’s history, you start to see a recurring multi-year pattern. Typically, we see these massive surges in price fueled by FOMO, but they always seem to end in pretty dramatic crashes (historically, we’re talking drops of 80%-85% from the peak!).

But after those big drops, things usually quiet down. That’s when the real believers, the long-term holders, step in and start steadily buying up Bitcoin. This accumulation phase lays the foundation for the next big price surge. Think about the lows around $200 after the 2013 peak, near $3,000 after 2017, and around $16,000 after the 2021 top – these were all those “quiet period” bottoms.

Related: Why Bitcoin Needs More Than Just LTHs Starting to Buy for a Real Rally

And now in 2025, this familiar rhythm seems to be playing out again. After hitting highs above $100,000, Bitcoin took a sharp dive down below $80,000, thanks to all the macroeconomic worries and geopolitical tensions. But here’s the key – this pullback has brought prices right back down to levels where we saw major buying interest in past cycles. This could be setting us up for the next big leg up.

Bitcoin Price Check: Can BTC Break Key Resistance to Confirm Pattern?

Let’s take a quick Bitcoin price check! Right now, Bitcoin is hovering around $85,050, climbing back up from those recent lows of $74,436. If you look at the 4-hour chart, you’ll see the price has actually broken above that downtrend line and is now tackling some resistance around $84,200 to $85,700 – that’s what traders call “overhead supply.”

The Relative Strength Index (RSI) is currently around 59.58, which tells us there’s decent buying interest, but the market isn’t in crazy overbought territory yet. And if we look at Fibonacci retracement levels, we can see some potential targets ahead: $85,700, then $88,700, and even $97,600. If this upward trend really takes off, we could even be looking at $111,900 as a possible upside target.

So, really breaking above $88,000 and closing a day above it remains the big signal that this bullish pattern is confirmed. On the flip side, if things go south again, keep an eye on support levels at $82,000, then $79,900, and after that, around $77,800.

If History Guides, Could Bitcoin Already Be Building Towards $150k?

Everything we’re seeing – from the market structure to on-chain data and those repeating historical patterns – suggests Bitcoin could be gearing up for another big move upwards. It feels like we’re in a pressure cooker phase right now.

But, of course, we need to see confirmation. That means watching for increasing trading volume, a strong break above $88,000, and signs that big institutional investors are jumping back in. If history does rhyme, then Bitcoin’s journey towards $150,000 might already be in motion!