Bitcoin has surged past the $76,000 mark, breaking out of a consolidation range that held price action in check for over two months. The move signals a potential shift in market structure, with bulls regaining control after a prolonged period of sideways and bearish pressure. The breakout follows the formation of a bullish double bottom pattern on the daily chart — a classic reversal signal. Price has now reclaimed the key neckline area around $74,500–$75,000, which previously acted as strong resistance. This level flipping into support adds further confidence to the bullish case. Market participants are now closely watching the next major target around $84,000, where a large CME gap remains unfilled. Historically, CME gaps are filled in the vast majority of cases, making this level a strong magnet for price in the near term. If momentum continues to build, Bitcoin could extend its rally toward the $88,000–$89,000 region, which aligns with the measured move target of the double bottom pattern. However, the bullish outlook is not without risk. A breakdown below the $71,000 level would invalidate the current setup and could open the door for a deeper correction, with downside targets potentially extending toward $55,000. For now, the trend favors the upside as long as Bitcoin holds above the breakout zone, with momentum clearly shifting back in favor of the bulls