Bitcoin Resumes Bull Trend, Analysts Eye Key Levels

Bitcoin's longer-term bull trend has resumed, according to recent technical analysis, indicating a potential shift in market momentum.

The move comes after a period of consolidation that left the market uncertain about its next direction. The breakout above a key resistance level suggests buyers are regaining control and the longer-term structure is turning bullish again.

Analysts point to the daily and weekly charts, where Bitcoin's price has reclaimed both the 50-day and 200-day moving averages, a classic sign of trend reversal. The relative strength index (RSI) is showing bullish momentum without being overbought, leaving room for further upside.

This development occurs against a backdrop of increasing institutional interest and clearer regulatory frameworks in several jurisdictions. The broader cryptocurrency market has also stabilized, with major altcoins following Bitcoin's lead.