Bitcoin Hits New ATH at $113,800 After Trendline Break
Bitcoin smashes past $113,800, with the Ichimoku Lagging Span confirming the rally's breakout.
- Bitcoin sets a new all-time high at $113,800.
- Lagging Span breakout confirms bullish trend via Ichimoku.
- Analysts signal the official start of a fresh rally.
Bitcoin Breaks All-Time High, Rally Confirmed
Bitcoin has just shattered expectations again, reaching a new all-time high (ATH) of $113,800, signaling that the bull market is in full effect. The move comes after the Lagging Span (Chikou Span) on the Ichimoku Cloud chart broke above a critical trendline—confirming what many analysts had been watching for weeks.
This technical confirmation wasn’t just a bullish signal—it was the final piece of the puzzle for traders using Ichimoku analysis. With the breakout validated, the price action surged, drawing in fresh momentum and liquidity across the crypto market.
The Ichimoku Signal: Why It Matters
The Ichimoku Cloud is a widely respected indicator in the world of technical analysis, offering a comprehensive view of support, resistance, momentum, and trend direction. One of its core components—the Lagging Span—is often used to confirm long-term trend shifts.
Here’s why this breakout is important:
- Lagging Span Breakout: When the Lagging Span breaks above past price action and key trendlines, it suggests strong bullish continuation.
- Multi-Timeframe Strength: The Ichimoku signal aligned across multiple timeframes, strengthening the case for a sustained rally.
- Sentiment Booster: Technical confirmations like this help reinforce bullish sentiment and attract both retail and institutional buyers.
With this confirmation in place, analysts say the Bitcoin rally has officially begun.
What’s Next for Bitcoin?
Crossing $113,800 opens the door for even higher price targets, with some projections now eyeing $120K and beyond. On-chain data shows long-term holders are still accumulating, and retail interest is climbing steadily as price discovery resumes.
This breakout may also pull altcoins higher, as a surging Bitcoin often kickstarts broader market movements.
Whether you’re trading or holding, one thing is clear: Bitcoin’s momentum is back—and it’s stronger than ever.
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