An analyst, @CryptoTice shared a chart on May 7,2026 that highlights this. technical formation that mirrors the setup Bitcoin surged from $17,000 up to $69,000. The analysis shows that structural signals are repeating themselves on the chart over the long term, which raises expectations of a new major market rally.
Bitcoin Rally Structure – Break the ATH and then Retest
Bitcoin has finally begun the 2020 cycle. moved above its previous ATH After a prolonged period of trading in a sideways direction, the market entered an accumulation phase. The move didn’t immediately become a rally. Bitcoin instead paused, and started trading in a range horizontal close to the breakout point, creating a zone of consolidation where there was significant trading.
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Chart shared CryptoTice, an analyst firm, shows Bitcoin forming very similar structures in this current cycle. Bitcoin, just like in earlier periods, has already pushed through a previous ATH. settling into a comparable horizontal range.
Both cycles saw the breakout followed by an upward trend. period when the price slowedBitcoin trades around this area. Bitcoin did not continue to fall, but instead found a support area and started stabilizing. This confirmed that the once-resistance level was now support. It resulted in a return to the old all-time high.
Charts indicate that the pattern of retesting may continue to develop. Bitcoin, after reaching a high point in the past few days, has begun moving toward its breakout area. This pullback, according to the analyst represents the current retest phase The stage is similar to the one that occurred just prior to Bitcoin’s 400% previous rally.
Bitcoin Rally Comparison from Retest to Expansion
The retest is conducted after the cycle that was previously tested. Bitcoin began moving upward again. Momentum steadily grew until the Bitcoin market began to expand, ultimately pushing it from $17,000 up to $69,000.
This chart shows the current market could be nearing the same point. During the previous cycle. the rally began after Bitcoin Successfully held the retest levels. Analysts are watching the green area on the chart to determine if it is still intact.
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Market data is a useful tool to provide additional context. Bitcoin currently trades around $86,667. It has a market cap of approximately $1,61 trillion, and the circulating BTC supply is near 20 million. The market has grown significantly since the last cycle. However, long-term prices are still similar to the old formation.
Analyst’s charts also include a path projected. reflecting the same sequence seen beforeIt is possible to have a break-out above the high of previous, followed by a return at that level and then an extended rally. The chart shows that Bitcoin is likely to be replicating the same structure which led previously to a 400% rise, and the current retest could serve as the catalyst. launch point for the next major leg up.
Featured Image created using Dall.E and chart from Tradingview.com
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Source: www.newsbtc.com
