Bitcoin has concluded a multi-month consolidation phase, characterized by a massive descending triangle structure since the late 2025 peaks. This period of compression, which included a series of bearish and falling wedges to flush out volatility, has reached its terminal point.
The asset has officially cleared the upper resistance of the local falling wedge, with a strong accumulation floor established between $64,000 and $68,000. The reclamation of the $71,000 level serves as a primary indicator that the macro trend is shifting toward a bullish trajectory.
Projected targets based on the structural breakout include an initial resistance test at $76,000, followed by a mid-term objective of $88,000 to confirm the macro trendline flip. The full extension of this bull cycle suggests a macro target of $108,000. This technical recovery aligns with a neutral market sentiment, as indicated by the current Fear & Greed Index of 46, suggesting the move is unfolding without excessive retail euphoria.