Bitcoin - History Repeating, 110k Next target?Bitcoin has been ranging tightly on the 4H chart, and the recent price behavior is starting to look very familiar. When you compare the current structure with what happened in the first week of May, there are some striking similarities. Back then, BTC consolidated in a sideways channel, faked a breakout to the upside, returned into the range briefly, tapped a demand zone, and then exploded higher into a strong rally. That move laid the groundwork for a steep continuation and fresh highs.
Right now, we’re seeing a nearly identical flow: a prolonged consolidation followed by an upside breakout, a retrace into the prior range, and a precise reaction off a Fair Value Gap (FVG). These repeat structures often hint at algorithmic behavior or institutional footprints, where similar setups trigger similar outcomes.
Structural Context and Price Behavior
The May 6th move began with a candle close above the range, a retest of the lows and FVG within the previous structure, and then an impulsive breakout that never looked back. This breakout was clean, supported by high volume and conviction. Once the retest held, price surged with minimal drawdown.
Now, we’ve just completed a similar sequence. Price closed above the consolidation range, came back in, filled the imbalance (FVG), and instantly found support. It’s also worth noting that both patterns formed after multi-day compressions, which often result in aggressive expansion phases.
What strengthens this setup is that the recent FVG fill didn’t just find support, it caused an immediate reaction to the upside. That’s a key sign that demand is active in this area and institutions may have used this as a re-entry point. From a structure standpoint, as long as we’re holding above the green zone (prior range high and FVG area), the bias remains bullish.
Liquidity Dynamics and Key Zones
The green support area acts as a clear line in the sand. It represents the upper half of the previous range and the origin of the most recent displacement. As long as price stays above this level, the idea is simple: the market is still in expansion mode. The recent wick into the zone could also be viewed as a liquidity sweep, drawing in shorts or stop losses before the real move begins.
In these kinds of setups, institutions often look for “clean-up” wicks to engineer liquidity, and BTC may have just completed that phase. Now that the liquidity grab has taken place and the imbalance is mitigated, the path of least resistance is likely to be up.
Price Target and Expectations
If history repeats, BTC could be setting up for a continuation leg that pushes toward a new all-time high. The $110,000 level makes sense both technically and psychologically. It would not only be a round number magnet but also a logical target based on the range expansion from the current structure. Once the local high breaks, momentum could accelerate quickly, especially if the market gets squeezed and forced to reprice aggressively.
A clean move toward $110,000 would also align with the broader macro narrative, as BTC continues to show resilience and trend continuation despite periods of consolidation.
Conclusion
Bitcoin is potentially repeating its early-May price structure, where a breakout, retest into a key FVG, and strong bullish reaction led to new highs. We’ve just completed a similar retest and bounce, suggesting we may now be in the early stages of a fresh impulsive move. As long as price remains above the key demand zone, this setup favors continuation, with $110,000 as the next major objective. All eyes on whether the market can break above local highs and maintain bullish momentum into uncharted territory.
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