Bitcoin confirmed a break of the macro bearish trend on the line chart, signaling a potential change in the broader market structure. However, price is key these days resistance zone on the logarithmic plot, uncertainty remains. The coming sessions will be crucial in determining whether this move turns into a sustained uptrend or a potential bull trap.
A macro break signals the possible end of the bear cycle
Historically, Bitcoin bear markets end when the price begins to steadily climb above a macro downtrend on line charts. After yesterday’s daily close, Scient notes that we have officially confirmed the breakout from this main trend line. This change in market structure has prompted a strategic search for high-potential setups across various altcoins.
Despite the linear breakout, the question remains whether this move represents a true trend reversal or a momentary deviation. While a line chart shows a clear break of resistance, a logarithmic chart tells a different story. Currently, the price is right at the major resistance level on a logarithmic scale.
The validity of this move depends largely on how price reacts to these overlapping levels in the coming sessions. If this move turns out to be a imitation, the price will quickly lose momentum. In this case, Bitcoin will likely fall below the linear resistance.
To confirm true strength on both a linear and logarithmic perspective, the price must hover around the mid-$80,000s. Maintaining this level through several daily closes would effectively change the macro structure from bearish to bullish, turning all subsequent price declines into high-conviction buying opportunities for long-term investors.
The coming seven to 10 days represent a key window for the medium-term trajectory of Bitcoin and the broader market. This time frame will determine whether the current breakout can overcome logarithmic resistance or if the market requires further consolidation.
Bitcoin is closing in on its $80,000 target and momentum remains steady
According to Crypto Candy, Bitcoin is currently moving in line with previous forecasts, showing powerful momentum as it approaches the primary target of $80,000. The analyst notes that the asset has almost reached this milestone and if the current buying pressure continues, the price is expected to enter the $80,000 zone soon.
While the upward trajectory is clear, potential short-term retracements are likely before the final target is achieved. These tiny pullbacks are considered a natural way for the market to breathe and do not change the broader outlook for bulls.
The current bullish bias remains intact as long as Bitcoin maintains its position above the $73,000 level. This price point serves as the final line in the sand for the current move. Therefore, the most likely scenario for the near future remains a path towards $80,000.
