title: Bitcoin (BTC) Has Made an Impressive Comeback, Flipping from Bearish to Bullish Territory

Bitcoin (BTC) has made an impressive comeback, flipping from bearish to bullish territory after several weeks of volatility and sluggish performance.

Bitcoin (BTC) has shown impressive strength in recent times, flipping from bearish to bullish territory after several weeks of volatility and sluggish performance.

Over the past seven days, BTC has gained nearly 12%, showing renewed strength and setting the stage for a potential breakout toward new highs.

At the time of press time, the BTC price is trading at $94,097, up 1.01% for the day, with a 24-hour trading volume of $17.92 billion. The largest cryptocurrency's market capitalization is at $1.86 trillion, according to the latest market data.

Bitcoin Retest Could Trigger Massive Rally

Popular crypto market observer Clifton Fx noted that Bitcoin is currently performing a critical retest on the 3-day timeframe following a massive breakout.

According to Clifton Fx, if BTC successfully completes this retest, it could trigger a significant bullish rally, potentially pushing BTC to new heights.

"We're now in the retest phase on the 3D chart following a massive breakout. A successful retest could propel #Bitcoin to new all-time highs. But first, we must complete this critical stage."

This ongoing retest phase is crucial for Bitcoin’s next major move. Traders and investors are closely monitoring the price action to confirm if BTC can sustain its bullish momentum.

Critical Support Level: $93,145

Meanwhile, crypto market watcher Ali highlighted an important support level for BTC.

According to the Short-Term Holder Cost Basis, Bitcoin must maintain a position above $93,145 to preserve its upward momentum.

"If BTC manages to sustain above this key level, it could fuel a further rally toward a potential new all-time high around $131,800. However, failure to hold could expose BTC to some correction, with possible downside targets in the region of $71,150."

As Bitcoin trades strongly above crucial support, market sentiment remains cautiously optimistic. The combination of a successful retest and strong buying volume could lead to a fresh wave of bullish momentum, pushing BTC toward new record highs in the coming weeks.

However, traders are advised to stay alert as market volatility remains high. A decisive move above recent resistance levels could confirm the next bullish phase, while a failure could invite renewed selling pressure. For now, Bitcoin bulls are firmly in control, with eyes set on securing a major breakout.