A significant technical break above a long-standing descending resistance line is signaling potential bullish shifts in the Bitcoin market. This breakout, which occurred on July 15th, 2023, has propelled BTC price past $84,900. Analysts attribute this rise to expanding DeFi applications and increasing institutional investment. The breakout candle shows a strong upward close, highlighting the emergence of buying pressure. Confirming this bullish sentiment, the MACD indicator on the daily chart displays a crossover, indicating an early sign of upward momentum. The daily chart also exhibits higher lows, suggesting accumulation is building. A break above $85,200 could propel Bitcoin towards further resistance levels. 4-hour and 1-hour charts support this outlook with bullish flag formation and range-bound consolidation.