🚀 Bitcoin Officially BREAKS FREE from a 7-Month Downtrend!

After months of consolidation, Bitcoin has finally broken out of its seven-month downtrend, fueling excitement among traders and market watchers alike. With sustained multi-day closes above its previous trading range, BTC has ignited a fresh wave of optimism in the market.

Veteran trader Peter Brandt and others have taken note, with many eyeing targets between $85,000 and $160,000. This breakout is inspiring traders to open new positions, betting on even higher highs as Bitcoin’s momentum continues to build.

Why is This Breakout Important? This range break signifies a clear end to the downtrend that’s haunted BTC since early 2024. A confirmed close above key resistance levels has restored confidence in the bulls, and traders are now targeting the next major price levels.

What’s Next for BTC? With this breakout, bullish targets range between $85,000 to $160,000, according to Brandt and other analysts. Market sentiment is shifting, and a push toward these higher levels is gaining momentum. Investors are rushing in to capitalize on this potential long-term rally.

Could This Be the Start of a New Bull Market? If Bitcoin continues to hold above its previous range and gathers steam, this could mark the beginning of a new bull cycle, pushing prices to all-time highs.

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