Crypto: Three Reasons Why Bitcoin's 'real Breakout' Toward $107k Has Begun

Bitcoin entered a decisive breakout phase, targeting $107,000 as long-term holder selling fades and BTC continues to leave exchanges, tightening supply.

Bitcoin (BTC) could reclaim $100,000 as support and rally toward $107,000 in the coming days, driven by a combination of supportive technical and fundamental metrics.

Bitcoin’s breakout is gaining traction, backed by bullish technicals and fading selling pressure.

Macro signals lean bullish, with liquidity expansion and divergence between BTC and gold.

Bitcoin confirmed its breakout from a multi-week ascending triangle earlier this week and shifted into a textbook post-breakout retest phase.

After pushing above the pattern’s upper boundary near $95,000, BTC pulled back to retest the former resistance as support before bouncing higher, a move typically associated with valid breakouts rather than false moves.

Holding this reclaimed level keeps the “real breakout” structure intact and preserves the pattern’s measured upside objective near $107,000, derived by adding the triangle’s maximum height to the breakout point, by February.

At the same time, Bitcoin’s daily chart approached a potential bullish crossover between the 20-day (green) and 50-day (red) exponential moving averages (EMAs).

The last time BTC printed a similar bull cross, the BTC price advanced by roughly 17% over the following month, strengthening the case for trend continuation if the signal is confirmed.

Bitcoin’s breakout gained credibility as selling pressure from long-term holders continued to fade.

Source: CoinTelegraph