{"id":41123,"date":"2026-04-16T07:00:09","date_gmt":"2026-04-16T07:00:09","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=41123"},"modified":"2026-04-16T07:00:09","modified_gmt":"2026-04-16T07:00:09","slug":"bitcoin-double-bottom-formation-eyes-82500-rally-breakout-or-rejection-next","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=41123","title":{"rendered":"Bitcoin Double Bottom Formation Eyes $82,500 Rally \u2013 Breakout Or Rejection Next?"},"content":{"rendered":"

As Bitcoin (BTC) attempts to hold the $74,000-$75,000 area, an analyst suggested that the flagship crypto could see another 10% rally toward a key area, but warned that this level could be the ceiling.<\/p>\n

Bitcoin Double Bottom Breakout Targets Key Level<\/h2>\n

In a Wednesday analysis, crypto analyst Rekt Capital shared an outlook for Bitcoin\u2019s potential rally, as it holds the $73,000-$74,000 area as support for the first time in a month.<\/p>\n

The analyst highlighted<\/a> that BTC\u2019s price continues to move between its 2021 and 2024 all-time highs (ATHs), which have been a major resistance area since the early February correction.<\/p>\n

After the recent market rally, the flagship crypto retested<\/a> the 2021 ATH as a new support level on the weekly timeframe, but ultimately rejected from the 2024 ATH during last week\u2019s close.<\/p>\n

According to the analyst, if Bitcoin can weekly close above the 2024 ATH, located around $74,000, then the price could move into the high $70,000. \u201cUntil that confirmation, however, price will continue to be sandwiched between 2021 and 2024 old All Time Highs,\u201d he added.<\/p>\n

Rekt Capital also noted that BTC has formed<\/a> a double bottom pattern in the weekly timeframe, and is \u201cnow pressing beyond the resistance\u201d of the formation. As he explained, the cryptocurrency would need a weekly close and a post-breakout retest of the top of the double bottom, around $72,810, to confirm a breakout.<\/p>\n

\"Bitcoin\"<\/p>\n

If it confirms a breakout from this formation, the price could rally toward the $81,000-$82,500 area in a Measured Move. Nonetheless, the analyst warned that, given the phase of the market cycle we are currently in, the price will likely develop a macro market structure that \u201cwill appear sufficiently bullish only to ultimately fail over time.\u201d<\/p>\n

\u201cThe failure could occur by virtue of rejecting from the Double Bottom resistance, by failed post-breakout retest to register a fake-breakout, or by falling short of a Measured Move once the breakout is confirmed.\u201d<\/p>\n

BTC Resembles 2014 Breakdown<\/h2>\n

Rekt Capital also analyzed BTC\u2019s historical behavior to assess the ongoing rally\u2019s potential failure. The analyst noted<\/a> that whenever Bitcoin has broken down from its macro triangle formation, the price usually retraces until it forms a bear market bottom. However, the way the cryptocurrency does that has differed from cycle to cycle, he detailed.<\/p>\n

In 2018 and 2022, the breakdown<\/a> led to a very quick bearish acceleration toward the bear market bottom accumulation period. On the contrary, Bitcoin consolidated below the triangle base in 2014, retested it, and saw another leg down.<\/p>\n

This time, BTC\u2019s performance resembles its 2014 breakdown, as it has been consolidating behind the triangle base after losing it in January. To the analyst, if the cryptocurrency continues to mirror its 2014 performance, the price could consolidate a bit longer, potentially rally to the base at $82,500, before rejecting<\/a>.<\/p>\n

\u201cFurthermore, Bitcoin tends to build major consolidation periods on breakdowns from Macro Triangles. In 2018 and 2022, these major consolidation periods developed at Bear Market bottoms,\u201d Rekt Capital explained.<\/p>\n

\u201cWhereas in 2014, Bitcoin built two such periods: just beneath the Macro Triangle it broke down from, and then later at its respective Bear Market Bottom,\u201d he continued.<\/p>\n

The analyst concluded that if history repeats, BTC\u2019s current consolidation could precede additional downside, and another major consolidation period could develop during the bear market bottom.<\/p>\n

\"bitcoin,<\/p>","protected":false},"excerpt":{"rendered":"

As Bitcoin (BTC) attempts to hold the $74,000-$75,000 area, an analyst suggested that the flagship crypto could see another 10% rally toward a key area, but warned that this level could be the ceiling. Bitcoin Double Bottom Breakout Targets Key Level In a Wednesday analysis, crypto analyst Rekt Capital shared an outlook for Bitcoin\u2019s potential […]<\/p>\n","protected":false},"author":1,"featured_media":41124,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-41123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBitcoin Double Bottom Formation Eyes $82,500 Rally \u2013 Breakout Or Rejection Next? - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=41123\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Double Bottom Formation Eyes $82,500 Rally \u2013 Breakout Or Rejection Next? - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"As Bitcoin (BTC) attempts to hold the $74,000-$75,000 area, an analyst suggested that the flagship crypto could see another 10% rally toward a key area, but warned that this level could be the ceiling. 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