After retreating from late 2025 highs, Bitcoin has now done so spent much of the last few trading days fluctuating between the mid $80,000s and low $90,000s, with buyers consistently entering dips and sellers defending the same resistance level.
Interestingly enough, this technical setup resembles the structure that Bitcoin formed before the last major rally that finally pushed it towards its target price spike above $126,000.
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Bitcoin revisits a familiar consolidation structure
A closer look at BTC’s price action on the daily candlestick time chart shows that the leading cryptocurrency follows a pattern that is very similar to what happened between March and May 2025.
At that earlier stage, Bitcoin traded between around $76,000 and $86,000 for weeks, repeatedly failing to break higher and giving the impression of stagnation. During that time, Bitcoin price remained above the support level and continued to push lower lows within the range, giving the impression of a lack of immediate upside potential.
That consolidation ultimately turned out to be a basis. Once Bitcoin broke above the upper end of that range at $86,000, sentiment changed very quickly and set the stage for a strong upward move that eventually led to Bitcoin.
The current structure shows the same features, only at a higher altitude. This time around, Bitcoin is fluctuating between around $84,000 and $94,000 price compression in a similar way until early 2025.
Bitcoin price chart. Source: @aganstwallst On X
Why Bitcoin Could Push to New ATHs
The $94,000 level has become the main area determining Bitcoin’s current upward price action. Bitcoin’s price action tested this zone during a rally in early January, On January 5, he briefly pushed toward $94,500 before being rejected and back into correction. That rejection is now a thing of the past, and the next priority is what Bitcoin could do this once it finally manages a decisive break above this resistance.
The previous performance is a good reference point for what could follow a confirmed outbreak. After clearing $86,000 during the previous consolidation last year, Bitcoin continued to rise for months, eventually reaching a peak price of around $126,080. This move represented a gain of approximately 46% from the breakout level.
No two price movements can play out in exactly the same way, but the similarities between the current setup and last year’s structure suggest that Bitcoin may once again building energy under resistance.
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If Bitcoin experiences a similar expansion after breaking above $94,000, expected upside targets would be just above $126,000 and lead to a new all-time high. If we apply the same percentage move from $94,000 points to a potential advance of up to $138,000.
Featured image from Pexels, chart from TradingView