Bitcoin Breaks Out Again: Bulls Take Charge as Price Targets New All-Time High

The Bitcoin price is gaining momentum again, and this time, it looks like bulls are firmly in control. The market is buzzing with fresh optimism

In the dynamic realm of cryptocurrencies, Bitcoin (BTC) has taken center stage once again, with its recent price movements sparking widespread discussion among traders and analysts on X. After a period of consolidation, the world’s leading cryptocurrency appears to be breaking out bullishly.

As two prominent analysts, WorldOfCharts and Captain Faibik, highlight, this breakout could propel Bitcoin toward its previous all-time high of $109,000, and possibly even higher.

WorldOfCharts: Bitcoin Breaks Out Of Consolidation

A 30-minute chart of the BTC /USDT pair on Binance, shared by WorldOfCharts, showcases Bitcoin breaking out of a grey descending trendline. This line acted as resistance multiple times, evident in the chart.

However, now that resistance is broken, and the BTC price has moved above the trendline, it’s a typical bullish signal in technical analysis. This kind of breakout often means the market is shifting from a neutral or bearish phase into a bullish one.

Above: A triangle pattern, either symmetrical or descending, is visible, with strong horizontal support and lower highs. This kind of structure usually builds pressure, and the breakout above the upper edge indicates the start of a new rally.

The chart also includes a projection box, pointing toward a potential move up to $109,380. That’s calculated using the “measured move” technique, where the height of the triangle is added to the breakout point to predict the next target. In this case, it suggests a gain of about 4.5 percent.

“Breaks Another Consolidation Towards Upside, Expecting Another Rally Towards 109k,” WorldOfCharts wrote.

That’s exactly what the chart suggests. This isn’t just guesswork; the technicals are showing a clean breakout, and while volume wasn’t shown directly in the image, a move like this is usually backed by strong buying pressure.

Of course, traders are watching closely for confirmation—a retest of the breakout zone, possibly near $104,000, followed by a bounce would add strength to the signal. But overall, the structure is bullish and supports the idea that Bitcoin could be heading toward the $109K mark again.

Above: Captain Faibik shares his analysis of the next move for BTC.

Captain Faibik: New Impulse Could Push BTC To $114K

Meanwhile, Captain Faibik shared a zoomed-out 4-hour chart, showing an even bigger bullish structure. This view tracks multiple rallies, and each one has followed the same pattern: breakout, consolidation, and another leg higher. The BTC price is showing a clean structure of higher highs and higher lows—uptrend.

Each rally started from a technical pattern. The first came after a bull flag, the second broke out from an ascending triangle, and now we are seeing another setup that looks like a consolidation rectangle or another flag. These are all bullish continuation patterns, and they often appear in strong trends.

This current consolidation zone is tight and orderly. According to the chart, a breakout from here could lead to another impulse move. Using the same measured move technique as earlier, the BTC price target is around $114,000. That’s about a 10.83 percent increase from the current breakout zone.

Captain Faibik also highlighted a diagonal trendline, labeled “Buyers’ Ascending Trendline,” which has held up perfectly. Each time Bitcoin dips to this line, it finds buyers and bounces higher. That consistent behavior is a big sign of strength and shows that buyers are still confident.

“$BTC Bulls are in Complete Control..!! Another Bullish Impulse is loading.. New all time High (114k),” he wrote.

Structure is key here. It’s not just optimism; technical alignment is evident as BTC keeps forming bullish setups, and each time the buyers step in, the price moves higher. If this third wave completes as projected, we could be looking at a fresh all-time high for Bitcoin.