- Bitcoin’s 2025 breakout holds above $115K, showing stronger structure than the 2021 false breakout.
- Trading volume rises 24.78% as BTC maintains higher lows and avoids deep pullbacks.
- Chart projection points to a long-term target of $320,000 if the current uptrend continues.
Bitcoin (BTC) has shown chart behavior similar to its 2021 cycle breakout. However, this time the pattern is unfolding differently. In 2021, BTC failed to sustain its breakout and fell into a prolonged decline. In contrast, the current move shows a quick rebound and a continued uptrend, indicating a stronger trend.
2021 vs 2025: Breakout Patterns Show Different Outcomes
Trader Tardigrade observed that a recent breakout of Bitcoin was similar to the 2021 breakout, however, the outcome looked to be different. In 2021, BTC hit a new high of almost 69000 and then backtracked soon after. The price dropped back below the breakout zone, and the trend weakened.
This pattern is now viewed as a false breakout, as Bitcoin did not hold its gains and entered a broad correction. However, the 2025 breakout followed a different path. BTC moved above the $73,000 level, retested the breakout zone, and then rebounded. The price did not break down after the retest but instead moved upward again.
Bitcoin’s current position above key resistance levels supports the view that this breakout is holding. Analysts are observing the absence of deep pullbacks and a steady formation of higher lows across the chart.
Uptrend Strengthens as Volume and Momentum Support Rally
At the time of writing, Bitcoin was trading at $118,307.42. It has gained 12.7% in the past month, with trading volume rising 24.78% to $66.1 billion. Market capitalization stands at $2.35 trillion, based on data from CoinMarketCap.
Bitcoin’s breakout above $110,000 has held, with the price remaining stable above $115,000 throughout July. The chart displays rising volume and a strong trend, with buyers supporting the price after each correction.
According to a chart observation by Trader Tardigrade, the ongoing breakout is supported by structural strength. A projected long-term target of $320,000 has been noted, if this trend continues.
