A familiar setup has appeared on the Bitcoin charts. The weekly Bollinger Band printed almost the same structure as the one formed before the pullback in March 2025. It's a reduction in Bitcoin's price from its peak to a support level just over $74,000.
At the time, prices were close to the weekly limit. They struggled to surpass that price, then slowly fell as the market became more volatile.
Currently we are looking at the same slow crawl near the upper band, with the current level at around $108,900, and the same flattening structure is beginning to take shape. Although there are no confirmed breakdowns yet, the pattern appears to be a repetition that led to that multiple weeks of decline earlier this year.
The lower bollinger band is currently at $74,200. This is the exact zone that hit between the last leg. If the market repeats its structure, there will be no panic sales to reach it. The RSI is again declining to below 64, but it may not scream danger on its own.
However, last time, the momentum turned over and the sellers began to take control of the same read.
Nothing drama has happened yet. Bitcoin is still beyond the important short-term level. However, that's why this setup is tricky. That's not about dramatic movements. It's about the techniques that lined up like they did before a clean 30% retrace. There are no volume spikes or sudden candles. It's just a slow rewind that's already been repeated once.
For now, the Bulls still have room to change the script. However, if the past few months are any indication, then now may not be the time to ignore the band.
