Bitcoin has broken out to the upside, and the technical picture now points to a lasting bottom — good news for holders and buyers of dips.

• Bitcoin closed back above its 200-day average for the first time since early November 2025, a move that has marked the end of every past bear market.
• Momentum signals across daily, weekly and multi-week charts have all flipped bullish, with only the monthly chart left to confirm at the end of August.
• When this many signals lined up in the past, Bitcoin rose about 25% over the following three months, roughly three times out of four.
• BlackRock's Bitcoin ETF just saw its second-heaviest trading day ever, a sign that big money is shifting.
• Next week brings GDP, inflation data and the Jackson Hole meeting, any of which could shake prices.

Outlook: The trend points higher into the autumn, with a sharp but buyable pullback expected somewhere along the way.

## Bitcoin Levels

• **Bias:** Bullish — macro low likely in, pullbacks treated as buying opportunities.
• **Buy / accumulate:** Pullbacks into the upper $70,000s to low $80,000s; daily dollar-cost averaging regardless of price.
• **Support:** $64,515 (the breakout close), $65,720 (monthly confirmation level).
• **Resistance:** $72,500 (already hit), $75,000, $75,500, $77,800, $78,900–$79,000.
• **Targets:** $75,000 minimum near-term; $79,000 within a month; $85,000–$90,000 and $95,000–$100,000 about three months out; $110,000 six months out.
• **Invalidation:** A monthly close below $65,720 at the end of August would remove the final confirmation.