Bitcoin has confirmed a breakout from its macro downtrend on the linear chart, signaling a possible shift in the broader market structure. However, now the price is in a key position resistance zone on the logarithmic graph the uncertainty remains. The coming sessions will be crucial in determining whether this move develops into a sustained bullish trend or a potential bull trap.
Macro breakout signals possible end of bear cycle
Historically, Bitcoin bear markets end once the price starts rising steadily above the macro downtrend on linear charts. After yesterday’s daily close, Scient notes that we have officially confirmed a breakout from this primary trendline. This shift in market structure has led to a strategic search for promising setups for various altcoins.
Despite the linear breakout, the question remains whether this move is a true trend reversal or a temporary deviation. While the linear chart shows a clear break in resistance, the log chart tells a different story. Currently, the price is right at a key resistance level on the logarithmic scale.
The validity of this move highly depends on how the price reacts to these overlapping levels in the coming sessions. If this move turns out to be a fakeout, the price will quickly lose momentum. In that case, Bitcoin would likely fall below the linear resistance again.
To confirm true strength from both a linear and log perspective, the price needs to move toward the mid-$80,000s. Holding that level for several daily closes would essentially shift the macro structure from bearish to bullish, turning any subsequent price declines into high-conviction buying opportunities for long-term investors.
The next seven to ten days represent a crucial window for Bitcoin’s medium-term trajectory and the broader market. This time frame will determine whether the current breakout can overcome log resistance or whether the market requires further consolidation.
Bitcoin is approaching the $80,000 target as momentum remains steady
According to Crypto Candy, Bitcoin is currently moving in line with previous projections and is showing strong momentum as it approaches the primary target of $80,000. The analyst notes that the asset is close to reaching this milestone, and if current buying pressure continues, the price is expected to reach the $80,000 zone soon.
While the upside trajectory is clear, potential near-term retracements are likely before the ultimate target is reached. These small pullbacks are considered natural market breathers and do not change the broader bullish outlook.
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. This leaves the path to $80,000 as the most likely scenario for the near future.