Potential Bull Market Barriers for Bitcoin: $115K or a Steeper $223K?

Bitcoin Faces Key Resistance Levels at $115K and $223K, Analysts Say

Bitcoin’s bullish streak continues, with prices holding firmly above $100,000 for nearly two months. As traders look ahead, attention is shifting to critical resistance levels between $140,000 and over $200,000 that could define the next leg of the rally.

A popular way to identify such levels is through trendlines, which connect significant highs and lows on price charts. These lines help traders anticipate areas where buying strength might weaken or selling pressure could intensify.

By extending a trendline from Bitcoin’s 2017 bull-market peak near $20,000 through its 2021 high close to $70,000, analysts have identified a potential resistance zone around $115,300, based on TradingView data.

This same trendline acted as a ceiling during December and January, leading to a correction that sent Bitcoin down to around $75,000 in April.

Log-Scale Charts Suggest Even Higher Resistance at $223,000

The $115,300 level comes from analysis of a linear (arithmetic) monthly price chart, which emphasizes absolute price movements and is often used for short- to medium-term trends.

However, long-term investors often prefer logarithmic charts, which compress large price swings to better reflect percentage-based growth and exponential trends.

On a log-scaled monthly chart that connects the 2017 and 2021 peaks, potential resistance jumps significantly higher—to around $223,000. Many analysts believe this log-based level better matches Bitcoin’s historical pattern of dramatic price surges during major bull markets, leaving room for further upside if momentum persists.