Healthy BTC Retrace in Trend Next Breakout Target 112K Then 122K

May 24

Bitcoin continues to respect the bullish market highlighted in our previous analysis, where the AB=CD structure pointed toward significant upside potential. The market has since retraced into a well defined re-accumulation zone, aligning precisely with prior expectations.

Price has held firmly above the round figure support ($100k), with the current structure confirming a healthy correction within trend.

As long as the re-accumulation zone between 104k–107k holds, momentum remains skewed to the upside. The projected 2.618 extension sits near the 122k mark, where the current setup aims to complete.

The broader structure still respects higher timeframe demand and ascending channel boundaries, keeping bullish continuation valid unless 100k decisively breaks. Watch for confirmation breakout above 112k to activate the next leg of the move.

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May 25

Trade active

Price approaches the re-accumulation zone provided for the proposed pattern AB=CD

May 26

Note

BTC tapped inside the setup re-accumulation zone and fly back up.

May 26

Note

Price approaching local resistance zone towards 111k and if rejected then we should expect a re-test of 107k-108k area before further upside move.

May 27

Note

The expected correction now completed. Time to wait for the real growth.

May 27

Note