Bitcoin has decisively broken above the $117,000 resistance level, mirroring its 2024 price pattern and signaling potential upward momentum toward the $135,000-$140,000 resistance zone. The breakthrough beyond $117,800 demonstrates strong bullish conviction, indicating the current rally phase remains intact.
The cryptocurrency’s movement follows a recognizable four-step cycle observed in its 2024 surge: initial price appreciation, subsequent pullback, consolidation period, and decisive bullish breakout. This repetitive structure reinforces Bitcoin’s robust technical foundation in the current market cycle.
Critical technical signals include a confirmed triangle breakout above $108,000 and solid support maintenance between $102,000-$104,000. These patterns demonstrate renewed market confidence, with price action validating bullish market structure assumptions and participation breadth.
The next major technical target aligns with Bitcoin’s historical expansion leg seen in 2024, concentrating between $135,000 and $140,000. Market analysts anticipate this zone will serve as the primary resistance area for Bitcoin’s ongoing advance if current momentum persists.
Technical indicators collectively point to sustained bullish potential for Bitcoin in the intermediate term, with support levels and breakout confirmation providing a roadmap for price trajectory expectations in coming months.