Possible Huge Long Zone on Bitcoin ⚡ Bitcoin (BTC/USDT) – Daily Chart: Bullish Reversal on the Horizon? 📈
(Please check my previous posts before reading this last one regarding BTC)
BTC just tapped into a high-confluence Long Zone between $73,700 – $65,260, which acted as a powerful demand area during the last rally back in late 2024. After a recent drop of today, price is now sitting at a key decision level. 🟢
🔹 Long Zone: $73,700 – $65,260
🔹 Historical Support: Held in late 2024 before a major run
🔹 Target Level: $108,000
🔹 Potential Breakout Zone: A strong close above $108,000 as higher targets
📈 If price holds this zone, we could see a strong bullish reversal toward the $108,000 or higher. The descending wedge pattern hints at a textbook accumulation-to-expansion setup—but only with proper confirmation. 🚀
🟢 High reward-to-risk setup for swing traders watching for trend shifts.
⚠️ Don’t rush in. Look for signs of strength before entering and take care of your risk management system.
Are you bullish on BTC/USDT once it touches the $73,700 level? Let’s discuss! 👇