Bitcoin Charts Signal Resistance Zones at $115K and $223K
Bitcoin continues to trade with a bullish tone, holding above the $100,000 mark for nearly two months straight. As momentum builds, analysts are closely watching resistance levels between $140,000 and over $200,000 that could shape the next stage of BTC’s rally.
A common tool in identifying these critical levels is the use of trendlines, which connect major highs and lows on price charts. These lines help traders visualize market direction and pinpoint where potential buying or selling pressure might emerge.
Linking Bitcoin’s 2017 bull market peak near $20,000 to its 2021 high around $70,000 and extending that trendline forward reveals a possible resistance level near $115,300, according to data from TradingView.
This same trendline acted as a significant barrier in December and January, contributing to a market pullback that saw Bitcoin fall as low as $75,000 in April.
Logarithmic Charts Point to Higher Target of $223,000
The $115,300 level is derived from a linear, or arithmetic, monthly chart, which emphasizes absolute price changes—a method often preferred for shorter-term analysis.
However, many long-term investors rely on logarithmic charts, which compress large percentage moves and better illustrate exponential growth trends. On a log-scaled monthly chart connecting the 2017 and 2021 highs, potential resistance shifts dramatically higher to around $223,000.
Analysts note that this log-based level aligns more closely with Bitcoin’s history of significant price surges during past bull markets, suggesting further upside potential if momentum persists.
