Bitcoin enters price discovery above $300K after confirming a multi-year megaphone breakout and clearing the final Base 4 launchpad.
Aggressive institutional volume fuels a parabolic BTC rally as bulls target the $400K–$450K range amid historic bullish momentum.
BTC trades near $109K with strong support at $91.5K and faces resistance at $113K as traders watch for consolidation or breakout.
Bitcoin has officially confirmed a multi-year bullish breakout, launching into price discovery mode above $300,000. This surge follows a completed four-year megaphone retest and marks the validation of a broader step-like formation. Consequently, the market has soared over 50% beyond the established Base 4 region.
Source: Gert van Lagen
This rally now places Bitcoin on a parabolic path toward the projected $400,000–$450,000 range. Price momentum has intensified since the breakout, with volume confirming aggressive institutional participation. Meanwhile, Bitcoin sits at the edge of a critical decision zone, with eyes on $91.5K as a magnetic level in case of structural rejection.
Megaphone Pattern Fuels Bullish Momentum
From late 2021 through 2022, Bitcoin’s price traced a dramatic arc. Initially, it surged toward $280K, then sharply reversed to below $20K. This correction phase formed a clear Bear Trap, with strong buying pressure emerging around the $15K–$20K zone. Hence, a foundational recovery began.
Four structured bases formed, each higher than the last. These consolidation zones indicated strategic accumulation. Base 4 provided the final launchpad. Bitcoin's price broke out explosively from that level, entering parabolic ascent in early 2024. Moreover, the bullish megaphone structure outlined in the chart suggested expanding volatility and long-term accumulation. As prices cleared previous highs, traders witnessed an undeniable shift into discovery territory.
ATH Swept, Market Eyes Consolidation or Breakout
Currently, BTC trades at $109,297.69 after recently sweeping its all-time high. The pair shows signs of consolidating just below $113K. Valeriya’s Binance chart highlights a major supply zone that could resist further gains in the short term. However, if the market confirms a bullish structure, $91.5K remains a critical magnet for potential pullbacks.
Source: Valeriya
Additionally, recent volume surges confirm strong participation during breakouts. Momentum remains bullish as price holds above all major moving averages. ChoCH signals indicate that bullish momentum remains intact after the correction phase. Moreover, traders closely monitor the price interaction between the $91.4K support and $113K resistance. A break above this range could open doors to higher targets.
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