Bitcoin: Range Breakout Puts Buyers in Control

Bitcoin just cleared its range on the 3-day chart after sweeping sellside liquidity, handing buyers decisive control and accelerating momentum toward the $100k target.

The move follows a classic liquidity grab that cleared weak hands before the reversal ripped through resistance. Over the past six months this pattern has repeatedly preceded sharp continuation phases in BTC price action.

With price at $84815.37 testing upper Bollinger resistance at $83704.46 while RSI(14) prints 83.14 overbought, a healthy retracement toward the 50-EMA support at $79345.92 looks probable before the next leg higher. The MACD golden cross at 1177.85 and price holding above the 200-EMA at $75648.61 reinforce the bullish structure, suggesting the breakout strength exceeds typical range expansions seen in the last year.