Bitcoin (BTC) has officially broken out of its multi-month downtrend, reclaiming bullish momentum after a prolonged consolidation period. The chart shows a clean breakout above the descending trendline, followed by consistent support above the newly formed ascending structure. This shift in market structure suggests that bulls are regaining control, with price action now aiming for higher highs.
Based on this current trajectory, BTC may be heading toward the psychological and technical resistance zone around $108,000, as shown by the projection channel in the chart. As long as the new trendline holds and higher lows continue to form, this bullish path remains valid. Traders should watch for consolidation zones along the way, but the macro breakout opens the door to renewed upside for Bitcoin in the coming weeks.
$BTC