Bitcoin's breakout above $105K with strong volume confirms bullish momentum as targets shift to the $135K–$145K range by October.
With higher lows and renewed accumulation below $90K, Bitcoin shows resilience as long-term buyers strengthen market structure.
The $100K level now acts as firm support after the breakout, aligning with Fibonacci targets of $135,879, $146,121, and $159,149.
As per Stockmoney Lizards, Bitcoin has broken above a long-standing corrective channel, signaling bullish momentum and opening the door for higher price targets. The breakout, which occurred near $105,000, follows weeks of consolidation and signals renewed market confidence. Price action is above key psychological and structural support zones, including the $100,000 level. Bitcoin’s recent breakout points toward potential gains, with Fibonacci extensions projecting targets at $135,879, $146,121, and $159,149. Lizards believe the mid-term price trajectory could push toward the $135K to $145K range by September or October.
Bullish Breakout Follows Consolidated Channel Formation
Bitcoin initially rallied from $66,500 in November 2024 to highs over $110,000 in December. This move broke several resistance levels,showing institutional and retail interest. However, a corrective channel formed in early 2025, with price movements contained between two trendlines.
Source: StockMoney Lizards
The lower boundary consistently provided support, especially during March’s decline to sub-$75,000 levels. Bitcoin held ground and bounced sharply from the support line in April. Hence, the trend remained intact despite short-term selling pressure. Moreover, the recovery above $80,000 in late April reignited bullish interest across the market.
High-Volume Breakout Signals Renewed Accumulation
Bitcoin’s breakout above the corrective channel happened with a spike in trading volume. This volume surge confirms active participation from new buyers. Meanwhile, older traders have been rotating capital, taking profits near range highs. As a result, the recent price action mirrors classic money rotation patterns common in strong bull phases.
Additionally, Bitcoin has consistently maintained higher lows throughout 2025. These lows suggest long-term buyers remain active despite interim corrections. Besides, each dip below $90,000 attracted fresh accumulation, supporting market structure strength.
Current sentiment suggests Bitcoin may retest the $97,000 to $100,000 range before resuming the uptrend. With momentum building and psychological resistance zones flipped into support, market participants are now eyeing the next leg up.
Moreover, Fibonacci extension levels give medium-term targets. $135K to $145K is a realistic goal within the next few months. Hence, Bitcoin’s breakout is a technical shift that could define the next chapter in this bullish cycle.
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