Bitcoin is showing strong momentum as it consolidates above the $95K level, with technical indicators painting an increasingly bullish picture. The formation of a completed ascending triangle combined with a bullish 20/50 EMA crossover suggests a potential breakout scenario targeting $107K in the near term.

What's particularly interesting here is the on-chain confirmation backing this thesis. Exchange outflows have been accelerating, indicating that significant BTC holders are moving coins off trading venues—typically a sign of conviction among long-term accumulators. Meanwhile, Litecoin selling pressure remains subdued, which often precedes altseason rallies and suggests capital isn't rushing toward the exits.

The confluence of technical strength and favorable chain metrics creates a setup worth monitoring closely. Key resistance and support levels should remain in focus as Bitcoin approaches these critical price zones. Traders positioning for this move should maintain discipline around predetermined entry and exit points.