Is Bitcoin in Breakout Mode ?
Bitcoin surged by 3.86% to reach $105,000. It had dropped to $98,000 the previous weekend. This increase was supported by a renewed positive sentiment and a technical rebound from oversold conditions.

Several factors fueled this progression : positive on-chain signals, rising volumes, and the Fed’s dovish stance weakening the dollar. Investors are now anticipating a rate cut in September, currently at 80%.
Technically, Bitcoin is near a decisive breakout level. A close above $106,500 could confirm the continuation of the positive trend, paving the way for a rally towards $120,000. Technical indicators support optimism, with daily RSI in bullish territory and Chaikin Money Flow indicating steady capital inflows.
Key Technical Levels to Watch After $105,000
The candlestick structure shows a strong bullish candle near the key support, reinforcing the trend reversal outlook. If buyers manage to break the $106,500 resistance, the price could quickly approach $120,000. However, failure at this level could lead to a test of the $102,000 support.
With easing geopolitical tensions and the Fed’s accommodative stance, Bitcoin appears poised to continue its rebound. Investors should closely monitor the price evolution in the coming days to detect a potential bullish acceleration.