Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Price Confirms Breakout To $106,000 As Technicals Align

Share This Post

Crypto analyst Daniel has revealed that the Bitcoin price has confirmed its imminent breakout to $106,000. He explained how the technicals and fundamentals support this bullish prediction and currently align for this BTC rally to the $106,000 target.  

Analyst Predicts Bitcoin Price Breakout To $106,000

In a TradingView post, Daniel stated that the Bitcoin price now appears poised to reach the next significant resistance zone around $106,000, which also aligns with a big resistance level. The analyst noted that the market is now following through with a solid bullish impulse, pushing past intermediate resistance and confirming the continuation of the ascending channel structure

He further remarked that the Bitcoin price could reach this $106,000 target with buyers stepping in aggressively and the price respecting the bullish market structure. The flagship crypto has already displayed strong bullish momentum, having broken above $90,000 earlier this week and rallying to $95,000 for the first time in two months. 

Bitcoin

Daniel noted that this breakout occurred after a well-defined double bottom formed around the major support zone near $74,000. He added that the inability to create a new low and the sharp rejection from that zone confirmed strong buyer presence and marked a clear exhaustion of sellers. 

Fundamentals Also Support This BTC Rally

Daniel also explained that the fundamentals support this Bitcoin price rally to $106,000. He remarked that BTC is gaining strength due to several key macroeconomic shifts. These macro shifts include Donald Trump’s tariffs, which have brought about market uncertainty and led investors to seek alternatives outside the stock and bond markets. 

The analyst highlighted the fact that the Bitcoin price has thrived during such periods of instability, with investors viewing it as a hedge against the dollar’s instability. He added that global central banks continue tightening monetary policy, increasing fears of a recession. With inflation and recession fears on the rise, investors look poised to diversify their assets into assets like BTC with limited supply. 

Daniel also affirmed that the deepening institutional interest is providing a strong foundation for the sustained Bitcoin price movement toward $106,000. He remarked that institutional adoption continues to climb, with spot market activity increasing and institutional funds seeing massive inflows

The analyst reiterated that the convergence of powerful technical patterns, particularly the confirmed breakout and continuation within the ascending channel, suggests a likely continuation of the upward momentum for the Bitcoin price. The strong macro and institutional adoption also supports a sustained bullish momentum for BTC. 

Daniel urged market participants to closely monitor confirmation signals, such as bullish volume surges, strong candle closures above the $90,000 breakout level, and continuation patterns forming on lower timeframes to validate the $106,000 target. 

At the time of writing, the Bitcoin price is trading at around $94,660, up in the last 24 hours, according to data from CoinMarketCap.

Bitcoin

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto Billionaire Justin Sun Set for Space Flight? Blue Origin’s Tweet Sparks Buzz

The post Crypto Billionaire Justin Sun Set for Space Flight Blue Origin’s Tweet Sparks Buzz appeared first on Coinpedia Fintech News Justin Sun, founder of Tron and a leading crypto

No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script

Bitcoin’s price slipped to $105,235 today, dropping 15% over the past 24 hours and falling 42% in the last week Some market watchers see this dip as a pause before a major move According to their

US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail

In a strategic move to overhaul US-Mexico remittance flows, XDC Network has joined forces with Bitso Business to deploy a blockchain-based payment framework designed for rapid, low-cost, and secure

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

The post Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next appeared first on Coinpedia Fintech News Story Highlights Solana Price Today is Solana coin price could reach a

Binance Coin BNB Price Prediction 2025, 2026 – 2030: Will BNB Hit New ATH?

The post Binance Coin BNB Price Prediction 2025, 2026 – 2030: Will BNB Hit New ATH appeared first on Coinpedia Fintech News Story Highlights Binance Coin Price Today is The BNB price

IRS vs. Coinbase: Supreme Court Asked to Reject Crypto Privacy Challenge

The post IRS vs Coinbase: Supreme Court Asked to Reject Crypto Privacy Challenge appeared first on Coinpedia Fintech News Story Highlights IRS demands Coinbase data to combat crypto tax evasion; user
You have not selected any currencies to display