Bitcoin’s Journey to a 13% Breakout: What You Need to Know
The world of cryptocurrency has had its eyes firmly on Bitcoin as it navigates fluctuating waves in early 2026. Despite recently facing significant profit booking by long-term holders, Bitcoin demonstrates resilience, leaving many questioning whether a strong breakout is on the horizon.
Currently trading within a cup-and-handle formation, a popular bullish pattern, Bitcoin continues to attract investors and analysts alike. Let’s dive into the details and discover what this means for Bitcoin’s future and how its chart and market dynamics suggest a move higher might be imminent.
The Impact of Chart Patterns: Cup-and-Handle
Bitcoin’s price structure reflects a classic cup-and-handle formation, with its handle rising alongside an upward-leaning neckline. This trend signals incrementally higher buying levels, a strong indicator of potential bullish momentum. Analysts advocate that Bitcoin must break key resistance levels near $95,200 to unlock the next potential surge, which could lead to highs of $111,800 or more.
Another element adding strength to this narrative is Bitcoin’s Relative Strength Index (RSI). Despite short-term price drops, RSI shows improving momentum, suggesting selling pressure is waning. This is indicative of preparation for Bitcoin’s next upward movement.
Long-Term Holders Are Taking Profits
The latest price dip isn’t due to panic selling, but rather calculated profit booking by long-term holders. On-chain metrics like the Net Unrealized Profit/Loss (NUPL) confirm this trend. NUPL dropped from 0.60 to 0.58, reflecting realized profits rather than escalating fear. Interestingly, large-scale entities holding over 1,000 BTC are accumulating more, offsetting the selling pressure created by profit-taking investors.
These dynamics highlight the equilibrium in the cryptocurrency market where careful buying from whales sustains price stability.
Current Price Levels and Future Targets
For Bitcoin to remain optimistic, analysts argue the price must reclaim $95,200 and then surpass $98,800. Reaching these benchmarks sets the stage to test $111,800—about 13% higher. Bullish conditions could even push Bitcoin towards $120k–140k levels later in 2026 if demand persists.
On the downside, caution is needed. Drops below $92,000 could potentially weaken Bitcoin’s structure, with declines under $89,200 invalidating bullish patterns entirely. For now, however, the Bitcoin market largely favors upward momentum provided the sell-off by long-term holders slows.
Key Insights for Crypto Enthusiasts
The broader market sentiment remains positive, with significant institutional interest. ETFs saw record inflows of nearly $900 million earlier this month. Market experts at B2BINPAY highlight these as signals of accumulating demand by large-scale investors.
To capitalize on this upward trend, now could be the time for crypto enthusiasts to keep a close eye on technical levels and market signals. Using platforms like hardware wallets from trusted brands such as Ledger, you can store your Bitcoin securely as you explore market possibilities.
Conclusion: Will Bitcoin Break Through $100K?
Bitcoin is at an inflection point, teasing the potential for another major rally. While profit booking by some long-term holders has temporarily capped upside movement, robust on-chain data and growing institutional interest suggest Bitcoin might still have enough momentum to breach the $100,000 mark and beyond.
The coming weeks are critical. Continued accumulation by whales and reduced selling from long-term holders would help strengthen Bitcoin’s bullish trajectory. If you’re an investor or crypto enthusiast, paying close attention to market signals and using reliable platforms for analysis and storage is essential as Bitcoin moves closer to what might be its next historic breakout.
