Bitcoin enters structural stress test as BTC/USD retraces from 125,000 highs

BTC/USD is trading below previous acceptance zones as focus returns to the long-term supply and demand structure.

BTC/USD – MacroStructure Office Monitor

Daily time frame | Annual structural blocks | Supply and demand mapping

The daily chart of BTC/USD highlights the macrostructural phases – equilibrium, expansion, rotation, and current structural stress test.

This chart charts the structural evolution of Bitcoin from 2017 to the present using… Year-round Supply and Demand Zones and Daily MacroStructurewhich shows how the price is constantly respected Measured rotations, mass symmetry, and phase sequencesindependent of narrative or feelings.

The goal is not to predict, but to do Document how price has behaved historically and how it currently reacts to pre-defined structures.

Macrostructural stages: equilibrium → expansion → rotation → stress test

1. 2017-2020: Balance and base composition

From 2017 until 2020, BTC/USD was widely traded Balanced environmentoscillating between:

  • Heights: ~ 13000
  • Lows: ~ 3000

The price has rotated evenly within this range, appearing frequently Acceptance rather than directional expansion. Structurally, this period was… Long lasting basewith supply and demand largely balanced.

2. Late 2020: A shift in the expansion system

By late 2020, BTC/USD had decisively shifted from… Balance for expansion.

Make this transformation:

  • directional Block sequence
  • Repetitive patterns Advance → Rotation → Continuation
  • Sustained acceptance beyond previous value zones

This regime change led to the creation of… Measured motion frame Which has governed both the advances and the declines ever since.

3. 2020 – mid-2021: First expansion cycle

From late 2020 to mid-2021:

  • He advances: ~8,000 → ~62,000
  • building: ~6 supply and demand blocks

This phase marked the first completion of Bitcoin Expansion cycleDetermine the rhythm of motivation, rotation, and continuation.

4. Mid to late 2021: Rotations and readmissions

Still in 2021, the price saw:

  • A ~50% decline
  • A rotation Back towards previous highs
  • almost 4 Internal supply and demand blocks

This phase was reversed Readmission rather than structural failurebefore BTC/USD records a close cycle high 68,000 in November 2021.

5. November 2021 – January 2023: Downside expands

After the November 2021 peak:

  • Measured movement: ~68,000 → ~15,000
  • building: ~6 supply and demand blocks

This was on a large scale Negative expansionnot a disorderly collapse. The price respects the negative symmetry consistent with the previous expansion phases, confirming Bitcoin’s move to… A two-sided, structurally governed market.

6. January 2023 – March 2024: Second expansion cycle (recovery phase)

From January 2023 to March 2024:

  • He advances: ~15,000 → ~72,000
  • building: ~6 blocks

This recovery phase mirrored previous expansion cycles, enhancing the consistency of the MacroStructure framework.

7. March 2024: Surface rotation

After reaching approximately 72,000 in March 2024:

  • Undo: ~72,000 → ~55,000

this rotation It was noticeably shorter and shallower than previous patches, indicating that Strong demand absorption Instead of wide distribution.

8. September – December 2024: Expansion in late stage

From September to December 2024:

  • He advances: ~55,000 → ~108,000
  • building: ~6 supply and demand blocks

This stage was characterized by: Compressed courses and quick follow-uptypical Expansion is at a late stage Instead of developing an early trend.

9. January – August 2025: Extension extension and volatility compression

In 2025, BTC/USD will see:

  • A ~50% decline
  • Followed by progress to New highs near 125,000

Price action showed during this phase Increased volatility and structural stresswhich is often observed when markets extend beyond long-term value areas.

10. Compression → expansion sequence (structural superposition)

Across every major cycle since 2020, a consistent sequence has emerged:

  • Expansions Prolonged volatility pressure follows.
  • Accelerated movements They appeared after shallow cycles.
  • More aggressive declines followed Compressed upward expansions.

Progress in 2024-2025 showed these same characteristics. The subsequent decline from approximately 125,000 occurred quickly, reflecting this Structural release after compressionInstead of gradual distribution.

the speed From the decrease 125,000 → 81,000 is a A structural signal in itselfindependent of direction.

11. October 2025 – Present: Structural stress testing

As of December 20, 2025, BTC/USD is trading near 88000.

Key structural notes:

  • The price has dropped approx 5 supply and demand blocks From ~125,000 to ~81,000
  • complete 6-Motion measurement block Projects towards ~ 74,000 areasin line with April 2025 lows
  • This area represents A Main structural referencebased on historical symmetry rather than directional bias.

Much of the 2025 gains were erased in a short period of time, representing a shift from orderly expansion to orderly expansion. Stress test conditions.

12. Current conditions: stress test levels in focus

  • BTC/USD is trying to stabilize, but is still below multiple previous acceptance zones
  • Initial resistance range: ~90,570 → ~100,000
  • Sustained acceptance above 100,000 will be suggested Rotate instead of continuing to decreasereopening higher structural references.

On the contrary:

  • Failure to hold ~ 74,000 areas It will complete the current negative expansion.
  • Below that, the structure reveals:
    • ~55,000 (September 2025 lows)
    • ~ 46000the February 2024 supply and demand breakout level that preceded the rise to 108,000

Desk summary

  • I respected Bitcoin Measuring the symmetry between supply and demand Across every major cycle since 2020
  • The current stage represents A Structural stress testing late in the cycleAnd it’s not an anomaly.
  • Key levels are actually determined by historical price behavior.
  • The mission remains Notice how the price responds at the structureinstead of anticipating the outcome.

The structure defines the battlefield.
The levels exist before the price arrives.
Document response, not prediction.

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