Bitcoin (BTC) is exhibiting a bullish breakout on the 1-hour chart, characterized by a Bump-and-Run Reversal (BARR) pattern. The cryptocurrency has rebounded from a low of $103,529, surpassing the downtrend resistance and retesting it. The 200-hour moving average at $110,396 serves as a crucial pivot point. A sustained close above this level could confirm the uptrend, potentially driving BTC towards the $116,400 target. As of October 20, 2025, Bitcoin is trading near $110,343.