Bitcoin Eyes $107K as Breakout Structure Holds
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Bitcoin is showing signs of a sustained breakout after reclaiming the $95,000 level and successfully retesting it as support. The move followed a clean escape from a multi-week ascending triangle, a classic bullish continuation pattern, with price behavior aligning more closely with valid breakouts than failed rallies. As long as this reclaimed level holds, the structure keeps a measured upside target near $107,000 in play over the coming weeks.
Technical momentum is reinforcing the setup. On the daily chart, BTC is approaching a potential bullish crossover between the 20-day and 50-day exponential moving averages — a signal that previously preceded a roughly 17% advance. Together, the breakout retest and strengthening trend indicators suggest Bitcoin’s push toward six figures may still have room to run.
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Hope we soon get a run up