**Signal:** Bitcoin's hourly chart has formed a bullish double bottom pattern and broken above the neckline, suggesting a potential rally to $87,000.
**Key Points:**
* **Double Bottom:** A classic bullish reversal pattern indicating downtrend exhaustion. * **Neckline Breakout:** Price moving above the resistance confirms the pattern. * **$87K Target:** Technical analysis suggests a potential upside move to this level. * **Bullish Outside Day:** The daily chart also shows a bullish outside day candle, reinforcing the reversal.
**Trading Opportunity:** Monitor BTC for potential long entries following the confirmed breakout. A move below $75,000 would invalidate this bullish outlook.
