Bitcoin has finally broken out of its bearish market structure, marking the first significant shift since the all-time high. However, price is now approaching major resistance at $94,259, which could act as a turning point.
Key Points:
- Structure has shifted bullish, but $94,259 remains a key resistance with confluence.
- A retracement to $81,850 could form a higher low if this level fails to break.
If Bitcoin can’t break above $94,259 convincingly, a rotation back toward $81,850 is likely — a region where a higher low could form. As long as that level holds, the bullish structure remains valid. Traders should watch for volume to confirm any breakout continuation.
Key Points:
- Structure has shifted bullish, but $94,259 remains a key resistance with confluence.
- A retracement to $81,850 could form a higher low if this level fails to break.
If Bitcoin can’t break above $94,259 convincingly, a rotation back toward $81,850 is likely — a region where a higher low could form. As long as that level holds, the bullish structure remains valid. Traders should watch for volume to confirm any breakout continuation.
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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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.