Alright team, let's break down this juicy BTC chart and see what's cooking. After a necessary cool-off period, Bitcoin looks ready to confirm its trajectory towards new highs.
Technical Analysis
The Daily chart clearly shows BTC is resting right on a highly significant confluence zone. Our primary Support Zone is defined by the horizontal support at $74,366 and the multi-month rising trendline. This area is acting as an impenetrable floor, suggesting bulls are stepping in aggressively here. As long as we maintain above this line, the overall market structure remains inherently bullish.
The implied setup indicates a strong continuation pattern, targeting the major psychological and technical resistance at $150,000. A daily close below the trendline support would, however, invalidate this short-term bias.
Fundamental Tailwinds
Fundamentally, Bitcoin remains incredibly strong. Institutional interest via global spot ETFs continues to provide steady net inflows, absorbing selling pressure efficiently. Furthermore, post-halving dynamics are playing out perfectly, indicating that the supply shock is settling in, reinforcing the long-term scarcity narrative.
My personal take is that this dip offers one of the last high-conviction entry points before the move toward $150K starts accelerating. We look ready for the next leg up.
Highly recommend HOLD and Stacking BTC at Binance
Feel free to comment the altcoin you are holding and we will check it for you!
#BTC #Bitcoin #TechnicalAnalysis #Crypto #BinanceSquare #BullMarket