Bitcoin has closed above a key resistance line and looks set for a bullish breakout, which is good news for crypto holders if the move holds.

• Bitcoin closed above the $79,000 level that had been capping it, turning a sideways squeeze into a potential breakout.
• The chart looks like a W-shaped bottom, and volume is rising, which makes the breakout more likely to be real than a fake-out.
• The key test now is $82,000: old resistance must hold as new support if price dips back to it.
• Ethereum and Monero are also in play, with open long trades on all three showing large paper profits.

Outlook: If the breakout holds on strong weekly volume, Bitcoin could push slightly above $100,000; a rejection below $82,000 in the next week or two would mean more weeks of downside instead.

## Bitcoin Levels

• **Bias:** bullish
• **Buy / accumulate:** $82,000 on a bounce (old resistance turned support)
• **Support:** $82,000; $79,000 breakout line
• **Resistance:** $79,000 (now broken)
• **Targets:** slightly above $100,000
• **Invalidation:** a weekly close back below $82,000