Bitcoin’s weekly chart shows a clear retracement toward the 0.5 zone near $101,000 as traders observe a developing higher-low structure. The chart covers multi-year price action from 2021 to 2027 and shows repeated higher highs above $110,000, $120,000, and $135,000.
A possible rebound trajectory appears above the current region, with structure repeating earlier patterns seen near $28,000, $52,000, and $73,000. One key question now guides market focus: Will this 0.5 retracement confirm the next higher low before price targets a new higher high?
The configuration of Bitcoin begins with a 5-wave downtrend, which was named waves 1, 2, 3, 4, and 5 throughout 2021 and 2022. The end of wave 5 occurred at $15,500 and has indicated a yearly low within the long buying region. The wedge bottom was captured between $15,000 and $18,000 for months.
The image presents a breakthrough above a downward-sloping trendline that started near $69,000 in late 2021. This breakthrough candle was in line with the first higher high that was made near $25,000. The structure then moved towards the next higher low, which was close to $21,000.
Additionally, a retest occurred shortly after the initial breakout. That retest stabilized above the $20,000 region and set the foundation for a new cycle. The price then advanced toward $31,000 and created a larger re-accumulation zone.
Bitcoin formed new higher highs across 2023, 2024, and early 2025. The chart marks these higher highs around $42,000, $52,000, $73,000, $98,000, and above $110,000. Each cycle included a higher low drawn near rising support.
The structure includes at least two large re-accumulation phases. The first occurred near $28,000–$31,000. The second formed near $60,000–$67,000. Both phases maintained strong rising channels.
The chart illustrates a decline that has rebounded to the previous peak, which was roughly $120,000. Currently, the value of Bitcoin is nearly $101,725, which coincides with the 0.5 retracement level of the lift-off that has just been finished.
A smoothed-out avowal gives the hint of a possible upward movement from this zone. Moreover, the dotted long-term support trendline extends from 2022 at $15,500 to the two higher low marks of $31,000 and $52,000. Currently, this trendline cuts through the range of $95,000-$102,000, which strengthens the case for a higher-low pattern.
If the initial area fails, a horizontal support band at $83,000 serves as a second level of support. The last projected high on the chart is in the range of $135,000, and that is identified as the next significant target for price increase.
The weekly Bitcoin chart indicates a definite retracement to the 0.5 zone of $101,000, yet it still keeps its higher-low structure intact. Long-term trendlines have great support, and the suggested movement leads to the $135,000 area. The traders might pay close attention to these levels since the next higher high is still a possibility.
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