Chart Analysis Reveals Key Bitcoin Resistance Levels Between $115K and $223K

Bitcoin’s market sentiment remains broadly bullish, with the price holding above $100,000 nearly every day for the past two months. Analysts are now eyeing potential resistance levels ranging from $140,000 to over $200,000 as the next hurdles for BTC’s upward movement.

A common method for pinpointing these resistance levels involves drawing trendlines—lines connecting significant highs and lows on price charts. These trendlines serve as visual indicators of market momentum and can highlight where support or selling pressure may appear.

By linking Bitcoin’s 2017 bull-market high near $20,000 with the 2021 peak close to $70,000 and extending that trendline forward, analysts see a potential resistance zone around $115,300, based on data from TradingView.

This same trendline acted as a ceiling in December and January, eventually contributing to a correction that pushed prices as low as $75,000 by April.

Higher Target on Log-Scale Charts: $223,000

The aforementioned analysis is derived from a linear—or arithmetic—monthly price chart, which focuses on absolute price changes and is often favored for short-term trend analysis.

However, resistance levels derived from log-scaled charts may be more significant for long-term investors. Logarithmic charts compress large percentage moves, offering a clearer view of exponential growth patterns and making trendlines more precise.

When the 2017 and 2021 highs are connected on a log-scaled monthly chart, the projected resistance shifts dramatically higher to approximately $223,000. This log-based resistance is seen as more consistent with Bitcoin’s historical tendency toward exponential gains during previous bull markets.