Bitcoin is starting to emerge from its consolidation phase, suggesting that a 
decisive move may be underway. After holding above the former resistance, the 
market is starting to show early signs of confidence returning. The spotlight 
now shifts to the $107,000 level, where the strength of this breakout will be 
truly tested. Holds Firm Despite A Weak Start To The Session Bitcoin Meraklsi, 
in a recent BTC market update, outlined a largely positive outlook despite the 
day beginning with some downside pressure. While early trading showed red 
across the board, the analyst emphasized that the broader structure remains 
healthy, with Bitcoin still trading comfortably above the $96,000 region. 
Related Reading: BTC Breaks Higher as Record Bitcoin ETF Inflows Trigger Wave 
of Bearish Liquidations A major technical development highlighted in the 
update is Bitcoin’s breakout above the long-watched $94,800 resistance level, 
which previously capped upside moves, and is now acting as support. So far, 
price action suggests that buyers are stepping in on pullbacks, reinforcing 
the strength of this level and reducing the risk of an immediate reversal. As 
long as BTC continues to hold above $94,800, the bullish roadmap remains 
unchanged. The next clear upside target sits at $107,300, a level that could 
mark the next phase of expansion if momentum continues to build. The analyst 
also addressed why altcoins have yet to respond meaningfully to Bitcoin’s 
strength. In the view, the wider market is still waiting for confirmation and 
confidence from BTC itself. That confidence is more likely to emerge once 
Bitcoin reaches the $107,300 region. At that point, improved sentiment and 
risk appetite could spill over into altcoins, setting the stage for a 
stronger, more synchronized market move. Bitcoin Tests The Upper Boundary Of A 
Long-Standing Range According to Crypto Candy, Bitcoin appears to be 
transitioning out of a prolonged consolidation phase after spending 
considerable time moving sideways. At the time of the post, price was 
challenging the upper boundary of the $94,000–$96,000 range, signaling a 
potential shift in market momentum as buyers attempt to regain control. 
Related Reading: Wall Street Analyst Is Still Bullish On Bitcoin, Predicts 
Price Recovery BTC is now trading above it, but it must continue to hold above 
the range, which serves as a crucial validation zone. Sustained strength above 
this area would confirm bullish intent and increase the probability of a 
continued advance, with the $107,000 region standing out as the next major 
upside objective in the weeks ahead. However, the setup is not without risk. 
If Bitcoin fails to maintain its position above $94,000, the current move 
could quickly lose traction and be labeled a false breakout. Such a 
development invites renewed selling pressure, potentially dragging the price 
back toward lower support zones as the market reassesses direction. Featured 
image from Pixabay, chart from Tradingview.com

Bitcoin Breaks Free From The Current Range — $107,000 Now The Level To Watch

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