Major cryptocurrencies are flashing bullish signals following a period of heavy selling, as traders shift their focus from political noise to price action.
Amidst the turbulence caused by President Donald Trump’s shifting stance on tariffs, crypto traders appear to be tuning out macro uncertainty and instead zeroing in on chart patterns for guidance. And right now, the charts are painting a promising picture.
Bitcoin (BTC) Breaks Bullish
Bitcoin has staged a technical breakout that analysts recognize as a “double bottom” — a classic reversal pattern formed by two similar price troughs separated by a temporary rally. The recent double bottom occurred around the $74,600 level between April 7 and April 9, with a bounce toward $80,800 in between.
On Wednesday, BTC broke above the neckline — the key resistance level connecting the high point between the two troughs — signaling a bullish shift in trend. Based on the height of the pattern, this breakout points to a potential price move toward $87,000. At press time, BTC was trading near $82,000.
Adding fuel to the bullish case, the daily chart printed a “bullish outside day” — a candlestick pattern where the latest day’s price range fully engulfs the previous day’s, indicating a strong reversal and fresh buying momentum.
Still, traders remain cautious. A drop back below $75,000 could invalidate the bullish setup and reopen the door to further downside.
XRP and DOGE Join the Rally
XRP and Dogecoin (DOGE), meanwhile, are showing renewed strength after sharp gains on Wednesday. XRP surged 14.3%, while DOGE climbed 12.7%, buoyed by broader optimism in the crypto market sparked by BTC’s rebound.
Both coins also posted bullish outside day candles on their daily charts, suggesting a potential reversal from their recent downtrends and room for more upside ahead.
As market participants digest shifting macro headlines, chart watchers believe technicals may once again be taking the lead.
