Bitcoin’s long-term structure remains intact, following a historical trend of breakouts from key accumulation zones. Each previous cycle saw BTC forming a strong base, breaking past critical resistance levels, and entering exponential price discovery. The pattern has remained consistent, with each breakout leading to a parabolic rally.
Currently, BTC is retesting a crucial level around $70K-$78K after an extended uptrend. If this historical structure holds, we could be witnessing the early stages of another major expansion phase, with the next target projection aligning near $296K. The chart also shows price respecting a long-term ascending trendline, a level that has previously served as the launchpad for prior bull market surges.
However, confirmation is key. A strong hold above this range will reinforce bullish momentum, while failure to sustain this level could indicate a deeper correction before continuation. Watch price action closely as BTC reacts to this critical zone. History suggests that once a macro breakout occurs, momentum accelerates rapidly.
Is Bitcoin gearing up for another supercycle, or will you be shaken out by market makers' manipulations?
Currently, BTC is retesting a crucial level around $70K-$78K after an extended uptrend. If this historical structure holds, we could be witnessing the early stages of another major expansion phase, with the next target projection aligning near $296K. The chart also shows price respecting a long-term ascending trendline, a level that has previously served as the launchpad for prior bull market surges.
However, confirmation is key. A strong hold above this range will reinforce bullish momentum, while failure to sustain this level could indicate a deeper correction before continuation. Watch price action closely as BTC reacts to this critical zone. History suggests that once a macro breakout occurs, momentum accelerates rapidly.
Is Bitcoin gearing up for another supercycle, or will you be shaken out by market makers' manipulations?
Trade active
important short term demand and supply zone
Note
still very much valid
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.