Despite a turbulent news cycle driven by President Trump’s rollercoaster tariff moves, crypto traders are turning their attention back to the charts — and the signs are overwhelmingly bullish.

Bitcoin (BTC) appears to have completed a classic “double bottom” formation — a reliable reversal signal in technical analysis that typically precedes major upside. The setup began forming earlier this week, with BTC bouncing twice near $74,600 and reclaiming a mid-point high near $80,800 on Wednesday.

With that level decisively breached, the breakout is now confirmed. Based on the structure, BTC could be on course to test $87,000 — a move that would mark a full recovery from last week’s dip and signal fresh momentum ahead.

Adding fuel to the fire is the appearance of a “bullish outside day” candle on the daily chart. This candlestick pattern — where a strong green candle fully eclipses the previous day’s red candle — indicates renewed buying pressure and a possible shift in market sentiment.

Altcoins Follow Suit as Bulls Regain Control

The optimism isn’t limited to bitcoin. XRP and Dogecoin (DOGE) both jumped double digits, up 14.3% and 12.7% respectively on Wednesday. Both printed the same bullish engulfing pattern as BTC, signaling that buyers are stepping back in after weeks of risk-off behavior.

Altcoins across the board are reacting to BTC’s strength, with broader market participation suggesting that the bounce may have more legs — provided prices stay above key support levels.

For now, eyes remain on the charts, not the headlines. And those charts are pointing up.