2 min read
Bitcoin to PKR surged sharply as Bitcoin entered what analysts are calling a “real breakout phase,” with BTC holding above key technical levels and setting sights on $107,000 in the coming days. The move comes as selling pressure from long-term holders fades, exchange reserves decline, and macro conditions turn increasingly favorable for crypto markets.
Bitcoin to PKR gained alongside the global price of Bitcoin, which traded near $95,398 and showed signs of reclaiming $100,000 as a strong support zone. Market analysts say this price behavior confirms a decisive breakout rather than a short-lived rally, increasing confidence among traders and long-term investors.
The breakout follows weeks of consolidation, during which Bitcoin formed a classic ascending triangle pattern, often seen before major upward moves. BTC successfully retested the breakout zone, signaling strong buyer control and tightening supply.
Earlier in the cycle, Bitcoin faced heavy selling from long-term holders, especially as spot Bitcoin ETFs attracted institutional liquidity. However, recent blockchain data shows that coins held for over five years are now moving far less frequently, reducing market pressure and strengthening the bullish case.
At the same time, Bitcoin continues to leave exchanges at the fastest pace since late 2024, suggesting investors are holding rather than selling. Historically, such behavior has preceded major rallies.
Bitcoin’s daily chart is approaching a bullish EMA crossover, a signal that previously led to a 17% price increase within a month. Analysts note that if BTC maintains its current structure, the measured target of the ascending triangle points directly toward $107,000 by February.
Adding to this optimism, Bitcoin’s correlation with gold has turned negative, a setup that has historically triggered strong BTC outperformance. With global liquidity expanding and US monetary tightening ending, Bitcoin appears well-positioned to outperform traditional assets in 2026.
“Selling pressure from long-term holders has clearly decreased, and the market trend now favors holding rather than distribution,” said CryptoQuant analyst DarkFrost.
For Pakistani investors tracking Bitcoin to PKR, this breakout phase highlights growing confidence in Bitcoin as a long-term asset. Rising global liquidity, declining supply on exchanges, and strong technical confirmation suggest that volatility may favor the upside in the near term.
