Classic Technical Breakout:
Bitcoin has surged past the critical $91,607 resistance level, which had capped its upside since February. This breakout marks a major shift in market momentum.
Broader Bullish Structure:
The move confirms a larger bullish structure, defined by a consistent pattern of higher lows and higher highs since the March lows, signaling strong market health.
Accumulation Zone Cleared:
Bitcoin’s breakout from the well-established $76,000–$92,000 accumulation zone further strengthens the bullish outlook, highlighting robust underlying demand.
Road to Six Figures:
Now trading above key psychological and technical levels, Bitcoin appears poised for a potential move toward six figures and a retest of all-time highs above $108,000 — as long as it holds above the breakout zone.
Conclusion:
Momentum is clearly favoring the bulls. Bitcoin’s breakout could mark the beginning of its next major rally phase. 🚀📈
#Bitcoin #BTC #Crypto #Breakout #TechnicalAnalysis #Bullish #Resistance #CryptoMarket #MarketUpdate
Bitcoin has surged past the critical $91,607 resistance level, which had capped its upside since February. This breakout marks a major shift in market momentum.
Broader Bullish Structure:
The move confirms a larger bullish structure, defined by a consistent pattern of higher lows and higher highs since the March lows, signaling strong market health.
Accumulation Zone Cleared:
Bitcoin’s breakout from the well-established $76,000–$92,000 accumulation zone further strengthens the bullish outlook, highlighting robust underlying demand.
Road to Six Figures:
Now trading above key psychological and technical levels, Bitcoin appears poised for a potential move toward six figures and a retest of all-time highs above $108,000 — as long as it holds above the breakout zone.
Conclusion:
Momentum is clearly favoring the bulls. Bitcoin’s breakout could mark the beginning of its next major rally phase. 🚀📈
#Bitcoin #BTC #Crypto #Breakout #TechnicalAnalysis #Bullish #Resistance #CryptoMarket #MarketUpdate
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.