BTC Breaks Out of Double Bottom, Eyes $87K as Dogecoin and XRP Traders Turn Aggressive

After weeks of volatility and political whiplash from President Trump’s shifting tariff policy, the crypto market appears to have found its footing — and is charging higher on bullish technical signals.

For seasoned traders, chaotic headlines often fade into the background when the charts tell a clearer story. And right now, that story is turning bullish.

Bitcoin Breaks Out of Bearish Shadow

Bitcoin (BTC) has broken out of a technical formation known as a “double bottom,” a bullish reversal pattern that signals potential upside after a downtrend. The pattern formed as BTC held strong around the $74,600 level twice between April 7 and April 9, before rallying past the neckline at $80,800 on Wednesday.

This breakout points to a projected target near $87,000 — a level derived by measuring the distance between the troughs and the neckline and adding it to the breakout point. Bitcoin was trading at roughly $82,000 at last check.

A “bullish outside day” candle on the daily chart adds more credibility to the rally. This powerful signal — where a green candle fully engulfs the prior day’s red candle — suggests strong buying momentum and a possible trend reversal.

Still, the bullish outlook could be undermined if BTC drops back below $75,000.

XRP and Dogecoin Rekindle Rally

Ripple’s XRP and Dogecoin (DOGE) followed Bitcoin’s lead, jumping 14.3% and 12.7% respectively on Wednesday. Like BTC, both assets also printed bullish outside day candles, hinting at renewed control by buyers after a prolonged downtrend.

With broader market confidence recovering and risk appetite returning, altcoins like XRP and DOGE may be poised for continued upside if momentum holds.

Amid global economic uncertainty, crypto traders seem to be turning their focus back to what they trust most — the charts.