Bitcoin Surges 17% to $117,800 Replicating 2024 Rally Pattern

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. This breakout confirms Bitcoin’s structural integrity and suggests a potential extension of the rally, reinforcing investor confidence in the current uptrend.

Bitcoin’s recent price action demonstrates a remarkable repetition of its 2024 rally structure, characterized by a clean breakout from a triangle consolidation formed above $108,000. This pattern is not only a technical mirror of last year’s price movements but also highlights the cryptocurrency’s ability to maintain a consistent bullish rhythm. After reclaiming the $98,000 support level, Bitcoin accelerated upward, echoing the consolidation and breakout phases observed in 2024 when the base near $40,000 triggered a significant upward surge. This cyclical behavior underscores the importance of structural support levels in sustaining momentum and guiding price trajectories.

In 2024, Bitcoin’s price progression followed a distinct four-step cycle: an initial rise from $25,500 to $42,000 within a steep channel, a rejection near $48,000, a pullback to $40,000 forming a tight triangle, and finally, an explosive rally to $69,000. This year, Bitcoin has replicated this sequence with impressive fidelity. The move from $69,500 to $108,000 inside a rising channel, followed by a rejection near $117,000 and a retest of the $98,000 base, culminated in a breakout from a coiling structure above $108,000. This repetition of price action patterns suggests a well-established market rhythm that traders and investors can monitor for potential entry and exit points.

The recent breakout above the triangle’s upper trendline near $117,500 confirms Bitcoin’s bullish intent. This resistance level had previously capped price advances, but the decisive move above it, supported by strong volume and conviction, indicates a shift in market sentiment. The pullback support between $102,000 and $104,000 has held firm, mirroring the critical $40,000 to $42,000 support zone from the previous year. This structural integrity reinforces the likelihood of continued upward momentum, as buyers maintain control and prevent significant retracements.

Bitcoin’s trajectory toward the $135,000 to $140,000 resistance zone aligns with the scale and amplitude of its 2024 expansion leg. Both rally cycles exhibit near-identical retracements and consolidation phases, indicative of structured accumulation followed by rapid price appreciation. The current breakout preserves the uptrend’s integrity and highlights strong buyer dominance within this range. Market participants should watch this critical zone closely, as a successful breach could pave the way for further gains, while a rejection might prompt consolidation or a corrective phase. This well-defined sequence offers a clear framework for anticipating Bitcoin’s next moves.

Bitcoin’s breakout above $117,800 and the replication of its 2024 rally pattern underscore a robust bullish cycle that could extend toward the $135K–$140K resistance zone. The consistent four-step rally structure, coupled with strong support levels and a confirmed triangle breakout, highlights a market environment dominated by buyer control and disciplined accumulation. Investors and traders should remain attentive to these key levels and patterns, as they provide valuable insights into Bitcoin’s potential trajectory in the coming months.