Bitcoin has officially broken through a critical descending trendline, as shown in the daily chart, signaling a potential major shift in the market's momentum. This trendline, which has been intact since March, was finally breached as BTC surged past the $66,000 level.
This breakout could pave the way for more bullish price action in the coming days, as Bitcoin continues to gather strength. The next major test will be whether BTC can sustain this upward movement and continue towards new highs. With this breakout, many traders and investors are eyeing Bitcoin’s potential to revisit previous all-time highs.