Bitcoin is currently stuck around $90,500, with recent trading data showing a daily trading volume of approximately $31.5 billion, and a market capitalization surpassing $18 trillion. At first glance, the market seems to be in a lull, but a closer look at the candlestick structure reveals some interesting clues.
A symmetrical triangle pattern has appeared on the chart, which is eerily similar to the accumulation phase before the early 2025 rally. Back then, Bitcoin also oscillated within a narrow range, repeatedly confirming support and resistance levels, before finally breaking out in a spectacular move. The current situation resembles a replay of that history, only this time at a higher price level.
Specifically, Bitcoin has been fluctuating between $80,000 and $90,000, repeatedly testing the critical resistance at $91,900 but failing to break through effectively. This pattern is identical to the period from March to May—when everyone thought the market was dull, it was actually building momentum. Once the support at $86,000 was broken, a wave of accelerated upward movement followed.
The most crucial aspect is the structure, not the temporary volume. Buying interest continues to enter during dips, while sellers maintain their position at the same level above. This stalemate often signals an impending breakout. Once the $91,900 resistance is effectively broken, historical experience suggests a move toward $93,000 or even higher, potentially replicating a 40% rally.
The current consolidation doesn’t look weak; rather, it seems to be gathering strength.
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Fren_Not_Food
· 6m ago
I've heard the theory of building momentum and breaking through a hundred times, but I'm just worried that this time it's really just shaking out the retail investors.
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BearMarketSunriser
· 01-13 13:48
It's another symmetrical triangle, and history repeating itself—I'm tired of hearing this explanation haha.
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Degen4Breakfast
· 01-13 13:42
If I can't break 91,900, I won't believe it... Wait, can I really turn things around this time?
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GasFeeNightmare
· 01-13 13:38
It's the same kind of "building momentum" rhetoric, always saying there will be a breakthrough, but in the end, 91,900 still bowed down.
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LiquidityWitch
· 01-13 13:36
Wait, is it really just building up because 91,900 can't be broken? Why do I feel like this explanation always works... Last time they said the same thing, and it just dropped straight down.
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GhostWalletSleuth
· 01-13 13:34
Symmetrical triangle is back? Last time, playing like this, it shot straight to the sky. This time, it feels a bit different... Anyway, if 91900 doesn't break through, I just don't believe it.
Bitcoin is currently stuck around $90,500, with recent trading data showing a daily trading volume of approximately $31.5 billion, and a market capitalization surpassing $18 trillion. At first glance, the market seems to be in a lull, but a closer look at the candlestick structure reveals some interesting clues.
A symmetrical triangle pattern has appeared on the chart, which is eerily similar to the accumulation phase before the early 2025 rally. Back then, Bitcoin also oscillated within a narrow range, repeatedly confirming support and resistance levels, before finally breaking out in a spectacular move. The current situation resembles a replay of that history, only this time at a higher price level.
Specifically, Bitcoin has been fluctuating between $80,000 and $90,000, repeatedly testing the critical resistance at $91,900 but failing to break through effectively. This pattern is identical to the period from March to May—when everyone thought the market was dull, it was actually building momentum. Once the support at $86,000 was broken, a wave of accelerated upward movement followed.
The most crucial aspect is the structure, not the temporary volume. Buying interest continues to enter during dips, while sellers maintain their position at the same level above. This stalemate often signals an impending breakout. Once the $91,900 resistance is effectively broken, historical experience suggests a move toward $93,000 or even higher, potentially replicating a 40% rally.
The current consolidation doesn’t look weak; rather, it seems to be gathering strength.