Bitcoin's Bull Market Confirmed as BTC Rallies and Analysts Predict Targets

Bitcoin is on the verge of starting a new macro uptrend, with the potential for a monthly close above a key downtrend line signaling the confirmation of a new bull market, according to analyst Rekt Capital. Despite struggling to flip $28,000 to support, BTC price action is showing signs of abandoning its bear market. The current monthly candle fits Bitcoin's historical patterns when it comes to breakouts from macro downtrends, with potential for new all-time highs. However, BTC spot price action remains mostly flat, with little change in trading behavior.