#Write2Ear - Bitcoin breaks its past resistance and bulls target $100,000. Bitcoin breaks its past resistance and bulls target $100,000.

Bitcoin breaks a key trendline, indicating a possible bullish rally towards $100,000 as traders monitor support and increasing volatility fuels cautious optimism.

The breakdown of BTC from its significant downtrend line suggests potential shifts from bearish to bullish market conditions. The breakout technical analysis indicates that BTC could reach $100,000 after surpassing its breakout point; this would result in a price increase of 15.42%. Market participants are monitoring the support zone at $90,000 due to growing market speculation combined with caution and ongoing price fluctuations.

Long-term Bitcoin

The price of BTC has finally surpassed the descending trendline that many traders have followed over the previous weeks. A landmark event demonstrated through technical chart analysis on the 8-hour scale signifies a substantial change in BTC's price dynamics ahead. According to current market data, Bitcoin maintains its trading value at $86,925.11 with a 3.1% increase compared to the previous day.

Bullish Breakout targets $100,000 as momentum increases

The support trendline extends from early February, revealing several crucial resistance points along Bitcoin's downward movement. A definitive bullish candle has demonstrated the break of this trendline and signifies that the bearish structure of months may be starting to reverse. Increased investor interest has become evident through the price movement, where buyers quickly gained control while trading volumes continued to rise after the breakout.