t>

BTC/USD – Retesting potential continuation signal


BTC/USD – Retesting potential continuation signal

Bitcoin/USD BITSTAMP:BTCUSD



Bitcoin has successfully broken through the previous resistance area near 70,500 points, confirming the shift in market structure in the short term. The breakout is supported by strong bullish momentum, suggesting buyers are now in control.

Price is currently falling towards previous resistance, which may act as new support, creating a classic breakout and retest pattern. Staying above this area could set the stage for the next bullish trend.

From a broader perspective, continued institutional interest and general optimism in the cryptocurrency market remain supportive of Bitcoin’s bullish momentum.

If buyers defend the retest area and price forms a higher bottom, the market may continue its move upward toward the next liquidity area.

main scene
Pullback to breakout support area
Bullish reaction in demand zone
Continue towards higher resistance

Target: 75,010
Bias: Bullish as price settles above 70,500 support area.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *