Debunking the Myth Bitcoin Chart Patterns Still Dominate in 2025

Technical Analysis Holds Strong Amidst ETF Hype

Bitcoin's 2024-2025 breakout pattern delivered a precise $108K target hit, proving technical analysis's enduring edge amid ETF hype. Retest and rejection phases in the ascending channel highlight timeless psychology over algo-driven chaos. With $120K in sight, chart-savvy traders could capture the bull run’s final leg before macro headwinds hit.

In the volatile world of cryptocurrency, skeptics love to proclaim the death of technical analysis. “Chart patterns don’t work anymore,” they say, pointing to Bitcoin’s wild swings driven by ETF approvals, regulatory drama, and Elon Musk tweets. But as any battle-hardened trader knows, markets evolve—yet human psychology doesn’t. Enter the latest exhibit A: a textbook Bitcoin breakout that’s got the charts blushing.

A Textbook Ascending Channel Breakout

Just look at the purple-lined masterpiece shared by trading veteran @thescalpingpro on X. From the ashes of 2022’s bear market lows, BTC clawed its way into a multi-year ascending channel, forming a symmetrical triangle that screamed “imminent breakout.” Fast-forward to late 2024, and boom—price sliced through resistance like a hot knife through institutional FOMO. What followed? A flawless retest of the broken level, a swift rally to the measured target (that Fibonacci extension at $108,000? Nailed it), and a sharp rejection at the upper channel boundary. By November 2025, with BTC hovering around $105,000, this pattern didn’t just “work”—it scripted the year’s bull run with surgical precision.

Cutting Through the Noise with Chart Patterns

Why does this matter? In crypto’s casino-like arena, where macro events like the impending U.S. election cycle or China’s rumored crypto thaw can flip sentiment overnight, chart patterns cut through the noise. They’re not magic; they’re echoes of supply-demand battles etched in price action. That ascending channel, born from post-halving accumulation, captured the slow grind of HODLers versus the explosive greed of leveraged longs. The retest? A liquidity grab, shaking out weak hands before the real fireworks. And the rejection? A reminder that even in bull markets, profit-taking lurks.

Data Supports the Persistence of TA

Critics argue AI-driven algos and whale manipulations have “broken” TA. Fair point—flash crashes happen. But data from TradingView backtests and on-chain metrics (hello, Glassnode) show patterns like head-and-shoulders or flags retaining 60-70% hit rates on BTC over five-year horizons. In 2025, with spot ETFs sucking in $50B+ YTD and layer-2 scaling unlocking DeFi trillions, these formations aren’t relics; they’re roadmaps.

The Future of Trading: Honing Your Charts

As Bitcoin eyes $120,000 by year-end—fueled by that next channel expansion—traders, don’t ditch your charts. Hone them. Layer in volume profiles, RSI divergences, and sentiment gauges from X’s echo chamber. The script isn’t dead; it’s just waiting for the next act. In crypto, patterns don’t predict the future—they reveal the crowd’s next move. And right now, the crowd’s betting big.