- Bitcoin entered the Wyckoff markup phase after holding $85K support with a target now reaching $110K soon.
- The SOS phase confirmed bullish control above $85K with a spring retest now completed before price moved up.
- Volume and price action now match the Wyckoff pattern and point to more gains with few barriers left ahead.
Bitcoin has now entered Wyckoff Phase E after surpassing $85,700, marking the start of a confirmed markup phase in early May 2025. A “Sign of Strength” (SOS) emerged as price action moved decisively above the spring retest zone, validating prior accumulation. The current trajectory suggests a bullish path toward a $110,000 price target over the coming weeks.
The chart analysis posted on May 8 shows a Wyckoff accumulation pattern from March to April now transitioning into the markup phase. The bullish confirmation was triggered when Bitcoin reclaimed $85,700 and continued upward past $90,000. Key support is now anchored above $80,540, while price momentum is building near $98,000 as the next technical milestone.
Wyckoff Phase E: Markup Confirms Trend Shift
Bitcoin’s recent move follows the textbook Wyckoff accumulation schematic, with the spring, test, and SOS phases now clearly visible. The tweet from @martyparty indicates the “discount is closed”—a reference to the end of Phase D and the start of Phase E. The markup phase begins once the SOS is confirmed and demand dominates supply.
The key level of $85,700, once resistance, now acts as support after being retested and held. This level marked the turning point of the structure and confirmed bullish control. As the Bitcoin market crossed this barrier, institutional participation and renewed momentum pushed the price toward the $98,000 resistance zone.
According to the schematic displayed in the chart, the Spring occurred in April 2025, followed by a test and launch in early May. The “creek”—a Wyckoff term for resistance above accumulation—has now been crossed. The breakout signals a shift in Bitcoin sentiment and strategy, with bulls now targeting much higher zones.
Price Targets Align With 111 DMA and Structural Highs
A closer look at the chart suggests that Bitcoin is now targeting the 111-day moving average confluence around $109,854.06. This figure aligns with the upper boundary of the markup zone and completes the schematic’s expected trajectory. With volume increasing, the breakout appears technically sound.
The markup path aims for structural highs last seen during previous bull cycles. At $98,027.11 and $104,000, interim resistance points remain in view. The vertical line showing the May 1 breakout is now marked as the official start of the markup push.
Liquidity zones near $100,000 remain untested, but sentiment suggests limited overhead resistance left. Analysts note that stops have moved higher, and breakout confirmation above $85,700 removes many bearish scenarios. The lower node around $100k is expected to see concentrated order flow as price approaches.
Could Bitcoin’s $110K Push Reshape the 2025 Market Cycle?
With the markup phase underway, cryptocurrency watchers now question whether Bitcoin’s current structure will redefine the 2025 crypto cycle. A clean move toward $110,000 would validate long-term bullish forecasts and could ignite renewed institutional activity.
Engagement around the analysis has surged, with over 50,000 views and more than 800 likes on the original tweet. Supporters pointed out that the creek retest has completed, while Phase E offers little room for further discount entries. The sentiment shift has been rapid and widespread.
The Wyckoff model, supported by live price data, has so far played out with high accuracy. If Bitcoin continues along this path, historical patterns suggest an extended markup may unfold.
