Bitcoin Breaks Above $117K, Suggesting Possible Rally Toward $135K–$140K Resistance Zone

2025-07-15 08:34:42

Main Idea

Bitcoin's price breaks above $117K, repeating its 2024 rally pattern and signaling a potential surge toward the $135K–$140K resistance zone, supported by a consistent four-step cycle and strong technical indicators.

Key Points

1. Bitcoin's price has broken above $117.8K, mirroring its 2024 rally pattern, with strong momentum suggesting a sustained bullish cycle.

2. The current rally follows a four-step cycle similar to 2024: a rise, pullback, consolidation, and breakout, reinforcing Bitcoin's bullish structure.

3. A triangle breakout above $108,000 and strong support between $102,000 and $104,000 indicate renewed bullish intent and market conviction.

4. The $135K–$140K resistance zone is the next key target, aligning with the scale of Bitcoin's 2024 expansion leg.

5. Technical patterns, including support levels and breakout confirmations, provide insights into Bitcoin's potential trajectory in the coming months.

Description

Bitcoin has surged past the $117,800 mark, replicating its distinctive 2024 rally pattern and signaling robust bullish momentum heading toward the $135K–$140K resistance zone. The cryptocurrency reclaimed its $98,000 support

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