‎Bitcoin Set for a Major Breakout as Bullish Momentum Builds

‎BTCUSD Market Analysis- October 26

‎Bitcoin continues to display strong bullish momentum as market structure and technical indicators align, signaling the potential for a major breakout from its recent consolidation phase.

‎‎Bitcoin (BTCUSD) Key Levels

Support Levels: $106,500.00, $98,000.00
‎Resistance Levels: $116,400.00, $129,600.00

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin’s prolonged consolidation phase appears to be nearing its end as the market prepares for another major bullish rally. Since April 2025, the cryptocurrency has maintained an extended upward trajectory, with a notable bullish break of structure occurring in July 2025 — signaling renewed strength in the ongoing uptrend.
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‎Following this breakout, BTCUSD slightly surpassed the $116,400 supply level before entering a consolidation phase that lasted through October 2025. Midway through October, price action swept liquidity resting below, briefly dipping beneath the $106,500 demand level and activating a key daily order block.
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‎This order block activation sparked a strong bullish reaction, further confirmed by the Relative Strength Index (RSI) showing increasing momentum on the daily timeframe. The combination of liquidity sweep, structural confirmation, and rising momentum suggests that Bitcoin is in the early stages of another bullish leg, with a potential breakout from the consolidation zone likely to drive price toward new highs.

‎BTCUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, Bitcoin presents a clearer picture of bullish intent following the activation of the daily order block. A well-defined inverse head and shoulders pattern has formed, serving as a classic reversal signal and supporting the probability of a continued upward move.
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‎Additionally, price has climbed above the 4-hour Moving Average, reinforcing the bullish outlook. Technical indicators and chart patterns are aligned in favor of the bulls, suggesting that Bitcoin could soon rally toward the $129,600 level — a key target that, if breached, could pave the way for an even stronger bullish expansion.

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