Bitcoin has shown signs of renewed bullish momentum after reclaiming the $106,500 mark and breaking above a key bearish trend line. Following a sharp move from the support zone around $103,200, BTC surged past $105,500, reaching an intraday high of $107,262. This indicates strong buying interest and sets the stage for a potential push towards new all-time highs (ATHs). The rally began as BTC formed a strong base around the $105,000 level, clearing multiple resistance levels, including the $106,400 trend line. Data from Kraken shows successful breakouts have put Bitcoin in a bullish consolidation phase. Bitcoin is currently trading well above the 100-hourly simple moving average and holds solid gains.