 
 
Bitcoin reached an all-time high of $126,198, according to TradingView. Soon after, the cryptocurrency fell roughly 18% to around $103,000.
With only weeks left in the year, the market is divided on whether Bitcoin can reclaim and close above its record level before the end of 2025.
Some believe the groundwork for another breakout is still in place. Others caution that the market may be facing stronger resistance than many expect.
The debate reflects the broader uncertainty surrounding global markets, shifting monetary policy, and fluctuating investor sentiment.
Bitcoin’s Market Structure: A Bullish Cycle in Motion
Bitcoin’s bull markets have unfolded with a similar pattern of a breakout above the previous all-time high, followed by months of sideways movement before the next leg higher.
 
Analyst chart highlights Bitcoin Cycle Top Trick. After each major breakout, Bitcoin spent roughly eight to eleven months digesting those gains. These pauses have not been signs of exhaustion, but rather moments of accumulation before new price discoveries.
Today, Bitcoin once again sits in that familiar zone. It has cleared the 2021 all-time high and is now consolidating in a pattern that mirrors the start of past expansion phases.
The timing, structure, and volume behavior are largely consistent with those of previous cycles. Historically, these periods of relative calm have preceded some of Bitcoin’s strongest rallies.
Ash Crypto once again spotted a trend, Bitcoin’s weekly chart shows an orderly climb within a broad ascending channel — a rare balance between bullish momentum and disciplined correction.
Every surge has been followed by a measured pullback, typically between 20% and 33%, before resuming the upward trend.
This controlled rhythm underscores the maturity of the current bull market. Bitcoin has repeatedly rebounded from its channel support, suggesting strong institutional buying each time the price dips toward key moving averages.
The area around $100,000 has now become a battleground — a region where short-term sentiment meets long-term conviction.
If this structure holds, history suggests that Bitcoin could be preparing for another meaningful leg higher, potentially aiming for the $126,000 to even $150,000 range within the next major upswing.
As of now, the market is split on whether Bitcoin will end 2025 above its $126,198 high. One side sees a realistic breakout supported by strong flows and scarce supply.