Bitcoin's breakout above $100K signals a powerful bullish trend backed by institutional inflows and strong technical indicators.
Sustained volume spikes and a Golden Cross pattern confirm the momentum as Bitcoin eyes the $113K–$118K near-term target range.
With both moving averages sloping upward, Bitcoin’s trend structure supports further gains toward the $140K–$150K zone.
Analyst SuperBro says that Bitcoin is still in an historic uptrend; it has seen prices go beyond $100,000 and is moving towards new resistance around $110,000. The rally has carried through since late April, with strong institutional interest, the presence of technical signals, and high-volume breakouts. Boasting a bullish stance, Bitcoin was trading at $109,697 as of writing.
SuperBro eye a near-term target between $113,000 and $118,000, with longer-term projections extending toward the $140,000 to $150,000 range. The latest breakout signals increased investor confidence despite short-term volatility. The crypto market now anticipates further gains in the coming weeks.
Technical Foundation Strengthens Uptrend
Bitcoin’s rise from March through May reflects firm technical support and a decisive trend shift. In mid-March, BTC hovered near $84,000. However, it dipped below $80,000 in early April, reaching lows around $78,000. Despite this, buyers stepped in and built a strong base near $82,000. Hence, a consolidation phase followed, setting the stage for a fresh rally.
Source: SuperBro
A Golden Cross emerged in late April. The 50-day moving average crossed above the 200-day average near $84,000. This pattern confirmed a strong bullish signal. Additionally, a triangular consolidation pattern formed just before the breakout. This setup preceded Bitcoin’s surge past the $100,000 psychological level.
Volume and Momentum Signal Further Upside
Volume increased sharply during major breakouts, highlighting strong market participation. Each surge in price matched higher trading activity, which validated the trend. Moreover, short- and long-term moving averages now both slope upward. This alignment confirms ongoing strength in the trend.
Bitcoin’s current 50-day moving average stands at $93,473, while the 200-day average is at $93,410. These figures offer solid dynamic support zones for potential pullbacks. Besides, the prior all-time high has been successfully broken, removing a key ceiling for price action.
Additionally, institutional investors have returned aggressively. Their presence adds stability and strengthens Bitcoin’s long-term growth outlook. Furthermore, the current price structure shows no signs of exhaustion. Hence, the bullish momentum remains intact.
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