- Bitcoin eyes $161K after breaking Triple Resistance and forming bullish patterns signaling a strong long-term uptrend.
- Clearing the $95,500 resistance could propel Bitcoin toward major targets at $118K, $136K, and $161K fueled by bullish momentum.
- Recent breakouts from a key descending trendline and bullish flag patterns confirm Bitcoin’s ongoing strength despite past volatility.
Bitcoin continues to show strong momentum as it tests a key descending trendline near $95,000. The price has climbed 1.60% recently, rising by $1,499.70. Currently, Bitcoin trades around $95,249 on the Binance exchange, moving within a crucial technical zone. A breakout and weekly close above the trendline would confirm bullish continuation. However, failure to break could trigger a short-term pullback before another attempt.
Moreover, technical patterns reveal two bullish flags formed between 2023 and 2025. The first pattern led to a major surge from under $40,000 to $100,000. The second flag, forming since early 2024, now nears completion. Bitcoin hovers close to the upper boundary, hinting at a decisive move ahead. Besides, projections show clear target levels after a successful breakout. Traders are eyeing $118,476, $136,753, and ultimately $161,132 as the next key milestones.
Triple Resistance Breakout Fuels Momentum
Rekt Capital’s latest chart further strengthens the bullish case. Bitcoin recently broke through a formidable Triple Resistance zone. This zone included the Weekly Downtrend line, a Horizontal Resistance at $86,000, and the 21-Week EMA. Hence, clearing these obstacles confirms renewed bullish strength.
Additionally, the breakout from the descending trendline marks a significant technical event. Price action now stabilizes near $95,050, according to BITSTAMP data. Support levels remain firm at $86,041 and $80,597, providing a strong safety net. Consequently, the market sentiment stays positive despite earlier volatility between December 2024 and March 2025.
Consolidation Patterns and Future Outlook
Both bullish flags formed over the last two years share striking similarities. Each featured a downward consolidation before major breakouts. Significantly, this reflects strong accumulation phases before upward waves.
However, Bitcoin must decisively clear overhead resistance near $95,500 to unlock higher targets. The chart shows vertical price potential reaching up to $161,132, representing nearly 69% upside from current levels. Moreover, moving averages align bullishly, supporting a long-term uptrend despite recent corrections. Trading volume remains secondary in this analysis, focusing more on technical patterns.
