Bitcoin Approaches Record High as Shark Harmonic Pattern Emerges, Signaling Potential Breakout

As of April 15, 2025, Bitcoin is exhibiting a bullish Shark Harmonic pattern on technical charts, suggesting a possible surge toward new all-time highs. This advanced technical formation, recognized by professional traders, indicates strong momentum building in the BTC market. The cryptocurrency’s current price action mirrors previous breakout scenarios that preceded significant rallies. Market analysts are closely monitoring key Fibonacci levels and trading volumes for confirmation of this pattern’s validity. Should the setup complete successfully, institutional and retail investors alike may witness Bitcoin challenging its historical price ceiling in the coming weeks.

The Shark Harmonic pattern is defined by four legs: X, A, B, C, and D (or sometimes labeled simply XA, AB, and CD). In Bitcoin’s current setup, price is likely approaching the completion of leg C, which often tops out NEAR the 0.886 or 1.13 Fibonacci extension of the XA leg. What’s unique about this case is that the projected leg C aligns not only with these Fibonacci zones, but also with single print areas and auto block support, giving the pattern additional weight.

Although the Shark is considered a bearish pattern, the move from the current level to leg C is typically bullish. In fact, this structure implies that Bitcoin could take out its previous all-time high near the $110,000 level before any meaningful reversal occurs. For both day and swing traders, this presents a potentially high-reward opportunity. However, price could remain in low-volume consolidation for some time before breaking out or retesting support, so patience is essential.

Confluence is everything in harmonic trading. In this case, the potential completion of leg C is supported by a 0.618 retracement, a key auto block support zone, and a single print area, a trifecta of powerful technical levels. A breakout above the dynamic trendline overhead would further confirm bullish expansion into the leg C target zone. Until that happens, traders can expect continued consolidation, ideal for range-bound or scalping strategies.

How to trade this pattern:

The most strategic entry comes after a swing low is taken out, forming a swing failure pattern (SFP) setup. This offers a clear invalidation level and a clean entry signal. From there, traders can enter long positions targeting the all-time high region—holding until signs of exhaustion emerge near the leg C top.