A chart shared by analyst @CryptoTice on May 7, 2026 highlights one technical formation reflecting the line-up seen before Bitcoin’s rise from about $17,000 to $69,000. According to the analysis, the same structural signals have reappeared on the long-term chart, raising expectations that the market could be preparing for another major rally.
Bitcoin Rally Structure: Breaking ATH and then Retesting
The 2020 market cycle finally started when Bitcoin above its previous ATH after a long period of trading sideways in an accumulation phase. However, this move did not immediately lead to a sustained rally. Instead, Bitcoin paused and began trading within a horizontal range close to the breakout level, creating a consolidation zone where significant trading activity took place.
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The graph shared from analyst CryptoTice shows that Bitcoin is forming a very similar structure in the current cycle. As in the previous period, Bitcoin has already surpassed a previous ATH settle in a similar horizontal range.
In both cycles the breakout was followed by a period during which the price felland Bitcoin traded around the former resistance area. Instead of breaking down further, Bitcoin found support there and started to stabilize. This move confirmed that the level that once acted as resistance had now turned into support, resulting in a retest of the former all-time high.
The current graph indicates that the same retest pattern may be developing again. After reaching a new peak, Bitcoin has once again started moving back into breakout territory. According to the analyst, this decline represents the current retest phase of the cycle, which closely matches the phase that occurred just before Bitcoin’s previous 400% rally.
Bitcoin Rally Comparison: From Retest to Expansion
After the retest during the previous cycle, Bitcoin started to rise again. Momentum gradually increased until the market entered a strong expansion phase, eventually pushing Bitcoin from around $17,000 to $69,000.
The chart indicates that the current market may be approaching the same stage. In the earlier cycle the rally started after Bitcoin successfully achieved the retest level. The current structure appears similar, with the green band on the chart marking the key area of support that analysts are watching to see if the pattern remains intact.
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Current market data provides additional context. Bitcoin is trading around $80,667, with a market cap of approximately $1.61 trillion and a circulating supply of almost 20 million BTC. Although the market is significantly larger than during the previous cycle, the long-term price structure still resembles that of the past.
The analyst’s chart also includes a projected path reflects the same sequence as seen previously: a breakout above the previous high, a retest of that level, and then a sustained rally. Overall, the chart suggests that Bitcoin may be repeating the structure that previously led to a 400% rally, with the continued retest potentially serving as the foundation. starting point for the next big stage up.
Featured image created with Dall.E, chart from Tradingview.com