Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Bitcoin Breakout at $108.5K Followed Classic Retest from 8 Years Ago

Bitcoin Breakout at $108.5K Followed Classic Retest from 8 Years Ago

CryptonewslandCryptonewsland2025/07/14 03:20
By:by Yusuf Islam
  • Bitcoin formed a breakout at $108.5K after a precise retest which was based on a trusted 2017 setup
  • The chart confirms a clear trendline break followed by a strong rally that pushed BTC above $112K
  • Monthly VWAP support and the Election VAH level gave BTC the technical strength to continue rising

Bitcoin’s price surged following a clean breakout and textbook retest, aligning with a setup first used over 8 years ago. The move was identified by crypto analyst @traderview2, who highlighted the breakout’s precision and historical significance on July 12, 2025.

It amazes me that one of my favorite setups from 8 years ago, still works like a charm to this day

When I started trading actively in 2017, the break and retest was one of the simplest and most powerful setups in crypto

Here is that same setup that formed last week, perfectly… https://t.co/OEmyNSrImP pic.twitter.com/rqYEAWPta9

— Dom (@traderview2) July 12, 2025

On the 12-hour chart of the BTCUSDT Perpetual Contract, Bitcoin clearly broke through the descending trendline resistance . The breakout was followed by a flawless retest of the trendline and 1-month VWAP, around $108,500. This level was flagged by the analyst as the pivot point for a possible all-time high (ATH) move.

The retest zone circled on the chart confirms bullish momentum. After testing support, BTC quickly rallied above $112,000, triggering increased volume and bullish sentiment across trading platforms.

A Setup That Has Withstood Time

The breakout setup shown in the tweet was one of the analyst’s favorites since 2017. It uses a simple break and retest pattern that remains reliable. Even after 8 years, the strategy continues to yield accurate results in the volatile cryptocurrency market.

The analyst noted that Bitcoin had been “wrestling with the 108.5k” level for several days. Once BTC cleared that range with confidence, it performed a textbook retest before launching higher. Traders witnessed BTC holding strong above the Election VAH (Volume Area High), confirming the move’s strength.

In the chart, the 1M_rVWAP (Monthly Rolling VWAP) at +8.91% was acting as a dynamic support. Bitcoin respected that support before moving upward. The tweet included a key annotation stating: “Any chop/consolidation above here is bullish,” emphasizing that sideways movement above this zone typically supports further price growth.

The move illustrates how institutional tools like VWAP, combined with traditional chart patterns, remain effective in crypto. Despite rapid innovation in indicators, classic setups often outperform more complex systems during trend confirmation.

Technical Confluence Sparks ATH Optimism

The confluence of resistance break, retest, and support from the VWAP suite paints a technically bullish outlook for Bitcoin. The Election VAH, a key level marked on the chart, proved instrumental in guiding the price action.

After consolidating under resistance throughout June and early July, BTC formed a base above the dynamic VWAPs. This base served as a launchpad once the trendline resistance was broken. The strong follow-through confirmed trader conviction.

Chart annotations reinforced that this was not merely a price spike, but a structurally sound breakout. Analysts tracking price action would have noted how BTC’s behavior mirrored past successful setups from bull markets in 2020 and 2021.

Such clarity in chart formations invites traders to ask: Can the simplest trading strategies remain dominant in an increasingly complex crypto landscape?

With Bitcoin now holding gains firmly above resistance, attention turns to potential targets above current levels. While no specific upper limit was mentioned, the momentum suggests room for continued upside.

A Clean Breakout Attracts Renewed Attention

The tweet amassed over 9,764 views, signaling strong trader engagement. Comments and retweets surged as followers recognized the breakout’s accuracy.

The chart itself, created using TradingView, used multiple VWAP metrics, including 1M_rVWAP and Election VAH, to illustrate market context. Technical traders rely on such data-rich visuals for decision-making.

With $BTC now trading above key levels and forming strong bullish structure, the setup is seen as one of the cleanest breakouts in 2025. As always, price action remains the most powerful signal in any market.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

1.7 Trillion Unlock V.S 1.7 Trillion Buyback: Goldman Sachs Bets on the Latter to Sustain the US Stock Market Bull Run

Goldman Sachs expects US companies to raise $600 billion in 2027, sets S&P target at 8,700 points, and states that buybacks and profits can withstand supply shocks.

智通财经•2026/10/12 01:48

Next target 8%? US mortgage rates soar to a three-year high as “higher for longer” trades sweep the real estate market

U.S. mortgage rates are experiencing a sharp upward surge. In just over a month, the average 30-year fixed mortgage rate has climbed by a full percentage point, reaching above 7.5%, the highest level in three years. As a result, homebuyer demand has plummeted, and existing home sales in September are expected to show a significant decline.

智通财经•2026/10/12 01:37

Bank of America Hartnett: Interest rate hikes become the biggest bullish factor, the logic of ending the bond bubble is spreading

Bank of America strategist Hartnett has made a counterintuitive assessment: the most favorable event for the stock market before the end of the year would be for the Federal Reserve to proactively raise interest rates in October—using a tightening move to curb the out-of-control long end. If the Fed proves its willingness to control inflation and term premium through an October rate hike, the market may actually stop worrying about the 10-year yield surging toward 6%, thereby easing pressure on stocks. Currently, while US stocks have not yet been brought down by interest rates, cracks are quietly spreading in South Korean brokers, French government bonds, and CCC-rated credit bonds.

华尔街见闻•2026/10/12 01:36

Goldman Sachs chart: "Gasoline prices determine the US midterm election"! Prediction market shows "Democrats have a 65% chance of sweeping both chambers"

A recent report from Goldman Sachs shows that the Iran war caused oil prices to surge from $3 to $5 per gallon, while the Democratic Party's lead in the general ballot simultaneously expanded from 5 to 9 percentage points—two trends that closely align. Goldman Sachs believes that Hurricane Isaias, once again impacting 63% of offshore capacity in the Gulf of Mexico, has made oil prices a true "ballot decider." Bank of America warns that if the Senate sweeps both chambers, it will trigger significant risk aversion, potentially causing the stock market to plunge by over 10% and weakening the US dollar.

华尔街见闻•2026/10/12 01:11
Goldman Sachs chart: "Gasoline prices determine the US midterm election"! Prediction market shows "Democrats have a 65% chance of sweeping both chambers"