BTC Hits $120K As Chart Matches 2017 and 2021 Peak Trend Levels

A new BTC chart shows $120K may be the cycle top after hitting the same line as past ATH points.

Price touched the long-term resistance line where 2017 and 2021 highs also formed major reversals.

Bitcoin’s pattern from past cycles suggests a fall toward $80K if the current $120K high holds firm.

A visual shared by @thescalpingpro on June 17, 2025, outlines a repeating Bitcoin cycle structure from 2018 to the present. It highlights previous all-time highs (ATHs) and market bottoms with symmetrical patterns. The chart shows a possible ATH at $120,000, marking a potential top similar to earlier cycles.

Historical Tops and Bottoms Reappear on Long-Term Trendline

The chart plots three key ATHs—2017, 2021, and possibly 2025—all touching a rising diagonal resistance. This trendline appears to act as a ceiling, capping each major rally. Each ATH is followed by sharp corrections that ultimately find support at historically confirmed bottoms.

In 2018, the price bottomed after a correction from its $19,000 ATH. The support level aligned with previous consolidation zones. A similar bottom structure emerged again after the 2021 high of $69,000, with prices falling to just below $16,000.

The chart also reveals a curved dotted line showing the recent parabolic advance from late 2022 into 2025. This arc mirrors the earlier bullish accelerations seen in past cycles. It intersects the major trendline at the $120,000 mark—highlighted as a potential peak area by the chart’s red “ATH?” tag.

Support Zones Reflect Prior Accumulation Levels

The blue horizontal boxes show zones where price consolidated before breakout rallies. These areas later acted as support during corrections. In both 2019 and 2022, Bitcoin found a bottom in these regions after large drawdowns.

These support levels are essential because they represent areas of strong interest and repeated demand. The chart shows the 2022 bottom occurred exactly where prior consolidation zones had formed. A similar base pattern followed the 2018 correction before the next cycle rally.

The current projected price path beyond 2025 appears in faded orange, indicating uncertainty beyond the supposed ATH. This projection shows a decline from $120,000 toward the $80,000–$90,000 range, consistent with previous post-ATH retracement behavior.

This structure mimics both the 2018 and 2022 cycles, suggesting Bitcoin’s path may again be guided by historical geometry. The top trendline connecting the previous highs and the rebound curves from prior bottoms support this narrative.

Could Bitcoin Be Following the Same Cyclical Pattern Again?

With the chart structure repeating, one key question emerges—has Bitcoin already completed its 2025 cycle peak?

The image points to three identical phases: a major ATH followed by decline, a bottom near previous support, and a recovery arc. If the $120,000 level is confirmed as a cycle top, the market could already be in a post-peak correction.

Such moves have occurred twice before. In both cases, strong drawdowns followed after the ATHs, retracing close to 70% of the move. From $120,000, a similar retracement would position a bottom near $80,000.

Price has already begun to soften below the 2025 high. The long-term trendline has again capped Bitcoin’s upward trajectory. This visual signals to chart analysts that historical structures may still define Bitcoin’s major cycle behavior.