Bitcoin Bulls Regain Control, Setting Stage for Potential $125K Rally

The Bitcoin (BTC) market is showing renewed bullish momentum after successfully defending the $61,000 zone twice and establishing a solid base for recovery.

The crypto analyst Wealthmanager noted that this has created an ascending structure, indicating potential growth in the near future. If buyers maintain control and reclaim the $80,000, $81,000 region decisively, Bitcoin could strengthen its outlook and target higher resistance levels.

A decisive breakout at the next major hurdle around $97,000 could significantly improve Bitcoin's broader market structure. This would potentially clear the path towards the previous all-time-high area near $125,000.