The most bullish scenario for #Bitcoin would be this breakout to $100K in the coming period.

The reason for this is that it invalidates essentially every bearish retest scenario and clearly makes a new higher high.

After such a case, you'd be looking for a higher low, which the previous resistance level then needs to flip as support.

I'm not giving this scenario a lot of value, yet, but it outlines perfectly what the crucial resistance zones are.

For me, a breakout above $84-87K is evidence that we're done with the bear market, and if you look at the statistical impact of the previous crash to $60K, there's been only one scenario where the markets have hit new lows: Q4 2022 during the FTX collapse.

Sure, we can have the same type of event taking place again, although times are completely different these times with new ATHs on the Nasdaq and a rotating business cycle into our favor.

Statistically, after such a collapse, a new ATH for Bitcoin is hit in less than twelve months after that.

Additionally, the bear market doesn't go deeper in sigma outlier than the bull market has been. This time is no different, it has already hit those regions.

Again, I'm not giving this much value, yet, but it's important to realize that when we're hitting the $84-87K levels, that breaking through it means that the bear market is most likely over.