Bitcoin continues to respect the trend continuation structure, following a textbook pattern:
๐ด Retest of previous highs โ
๐ข Local bottom formation on former resistance โ
๐ Trend continuation.
๐ On the chart:
โ Every new high gets retested, forming a solid base.
โ The most recent ~
73K level has held โ local bottom confirmed on April 7.
โ One more leg up and another pullback are possible โ but the next low likely remains higher than the previous.
๐ The structure looks methodical and well-timed โ possibly suggesting coordination or presence of larger players.
๐ข If this scenario confirms, weโre likely heading toward a bull run continuation with a potential target above $150K.
#Bitcoin #BTCUSDT #MacroView #SmartMoney #CycleTheory #PriceAction
๐ด Retest of previous highs โ
๐ข Local bottom formation on former resistance โ
๐ Trend continuation.
๐ On the chart:
โ Every new high gets retested, forming a solid base.
โ The most recent ~
73K level has held โ local bottom confirmed on April 7.โ One more leg up and another pullback are possible โ but the next low likely remains higher than the previous.
๐ The structure looks methodical and well-timed โ possibly suggesting coordination or presence of larger players.
๐ข If this scenario confirms, weโre likely heading toward a bull run continuation with a potential target above $150K.
#Bitcoin #BTCUSDT #MacroView #SmartMoney #CycleTheory #PriceAction
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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.