Bitcoin Reclaims $88,000 Support, Eyes $130,000-$142,000 Breakout

Bitcoin has reclaimed critical structural support near $88,000, setting the stage for its next bullish continuation phase. Analysts now point to a tightening consolidation below resistance that mirrors previous macro breakout setups. Bitcoin has maintained strong weekly closes above $88,000, aligning with past breakout zones seen since 2023. This base structure mirrors prior price discovery setups, showing consistent support-resistance flips before major trend continuation.

According to market analyst Rekt Capital, Bitcoin has followed a clear sequence: breakout, retest, then continuation, repeatedly validating trendline support. In July 2023, Bitcoin confirmed strength above $32,000 and rallied into $58,000 by April 2024. After the halving, Bitcoin stabilized under $73,000 before blasting through resistance into the $85,000–$88,000 zone. From there, it revisited support and began forming a new base near $109,000. This recent structure echoes earlier macro consolidation phases that preceded breakout runs.

Bitcoin trades at $109,023 and coils tightly under the red-marked resistance band. Historical breakouts from $26K, $32K, and $58K show similar setups. This structure reflects the familiar roadmap—reclaim the zone, hold weekly closes, and power upward. Bitcoin’s current range presents a new setup between $109,000 and $120,000 with a resistance band at $130,000–$142,000. This zone is highlighted on the map as the next breakout target if momentum persists.

According to Gordon, the liquidation map shows cumulative short leverage reaching $1.74B at $111,955, confirming rising bearish pressure above current levels. Stacked longs sit below $109,000, showing bulls are still defending the base. A push above $115,000 could flip that level into support and spark fresh upside. The chart also reveals heavy 25x and 50x leverage at $111,955, marking it as a short-term battleground.

Bitcoin’s long-term uptrend stays intact as green zones hold and higher lows build across weekly timeframes. Leverage continues rising above while structure confirms bullish momentum, clearing the path toward the $130,000–$142,000 region. Could this structural setup repeat the explosive moves seen in 2023 and 2024? With each resistance retest producing a stronger rebound, Bitcoin’s momentum appears far from exhausted.

This week’s close remains critical. Bitcoin must retain its grip on the reclaimed $88,000 zone to keep the structure intact. Weekly closes above reclaimed zones confirm structure, with upside targets between $130K and $142K growing more likely. Bitcoin has reclaimed critical structural support near $88,000, setting the stage for its next bullish continuation phase. Analysts now point to a tightening consolidation below resistance that mirrors previous macro breakout setups. Bitcoin has maintained strong weekly closes above $88,000, aligning with past breakout zones seen since 2023. This base structure mirrors prior price discovery setups, showing consistent support-resistance flips before major trend continuation.