Bitcoin Surges 50% Above $100,000, Signals Bullish Momentum

Bitcoin has recently broken out of a long-standing corrective channel, with the price surging above $105,000. This breakout, accompanied by strong trading volume, signals a bullish momentum and opens the door for higher price targets. The cryptocurrency's price action is now above key psychological and structural support zones, including the $100,000 level, which now acts as firm support after the breakout.

According to analysts, the breakout points toward potential gains, with Fibonacci extensions projecting targets at $135,879, $146,121, and $159,149. The mid-term price trajectory could push toward the $135K to $145K range by September or October. This bullish momentum follows weeks of consolidation and signals renewed market confidence.

Bitcoin initially rallied from $66,500 in November 2024 to highs over $110,000 in December. This move broke several resistance levels, showing institutional and retail interest. However, a corrective channel formed in early 2025, with price movements contained between two trendlines. The lower boundary consistently provided support, especially during March’s decline to sub-$75,000 levels. Bitcoin held ground and bounced sharply from the support line in April. Hence, the trend remained intact despite short-term selling pressure. Moreover, the recovery above $80,000 in late April reignited bullish interest across the market.

Bitcoin’s breakout above the corrective channel happened with a spike in trading volume. This volume surge confirms active participation from new buyers. Meanwhile, older traders have been rotating capital, taking profits near range highs. As a result, the recent price action mirrors classic money rotation patterns common in strong bull phases. Additionally, Bitcoin has consistently maintained higher lows throughout 2025. These lows suggest long-term buyers remain active despite interim corrections. Besides, each dip below $90,000 attracted fresh accumulation, supporting market structure strength.

Current sentiment suggests Bitcoin may retest the $97,000 to $100,000 range before resuming the uptrend. With momentum building and psychological resistance zones flipped into support, market participants are now eyeing the next leg up. Moreover, Fibonacci extension levels give medium-term targets. $135K to $145K is a realistic goal within the next few months. Hence, Bitcoin’s breakout is a technical shift that could define the next chapter in this bullish cycle.