BTC's "three-line break chart" suggests a bullish resolution of the seven-month-long corrective trend and scope for a move to record highs. Candlesticks indicate stiff resistance at around $70,000.

The crucial support area between $116,000 and $117,000, validated by both price charts and on-chain activity, if breached, would likely pave the way for a retest of the May high just below $112,000.