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BITF appears to be breaking out of its prolonged downtrend. After weeks of selling pressure, the asset is finding footing in the $2.50–$2.60 band, with a pattern of higher lows forming—a classic early warning sign that momentum could be shifting.
For those watching this one, the $2.50 level is acting as a critical floor. Should that hold, the next target comes into view around $2.90–$3.00 for a quick move up. Beyond that sits a more substantial resistance zone that would require a bit more conviction to break through.
Right now it's a watch-and-wait scenario. The structure is there, but confirmation on the upside is still pending. Keep tabs on volume and how price reacts at these key inflection points.