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Bitcoin has confirmed a breakout from its macro downtrend on the linear chart, signaling a potential shift in broader market structure. However, with the price now sitting in a key resistance zone on the logarithmic chart, uncertainty remains. The coming sessions will be crucial in determining whether the move develops into a sustained bullish trend or a potential bull trap.
Historically, Bitcoin bear markets conclude once the price begins to steadily climb above the macro downtrend on linear charts. Following yesterday’s daily close, Scient notes that a breakout from the primary trendline has been officially confirmed. This change in market structure has prompted a strategic search for high-potential setups across various altcoins.
Bitcoin is nearing a target near $80,000, with momentum described as holding steady. According to Crypto Candy, Bitcoin is moving in line with previous projections and is showing strong momentum as it approaches the primary target of $80,000. The analyst says the asset has almost reached this milestone and expects it to enter the $80,000 zone shortly if current buying pressure persists.
The bullish bias remains intact as long as Bitcoin sustains its position above the $73,000 level. This price point is presented as the decisive “line in the sand” for the current move. With these conditions, the path toward $80,000 is described as the most likely scenario for the immediate future.
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