Bitcoin is showing a textbook bullish continuation.
After breaking out of a long-term downtrend line,
BTC came back for a clean retest — just like it did during the last breakout phase. That previous breakout led to a massive rally, and now we're seeing a very similar setup again.
The retest around $94K held perfectly, confirming strong demand and validating the breakout. Since then, price has pushed higher with momentum, now trading above $117K.
If this pattern continues to play out like before, Bitcoin could be eyeing $130K and beyond in the coming weeks.
The structure is strong, the trend is intact, and bulls are clearly in control.
After breaking out of a long-term downtrend line,
BTC came back for a clean retest — just like it did during the last breakout phase. That previous breakout led to a massive rally, and now we're seeing a very similar setup again.The retest around $94K held perfectly, confirming strong demand and validating the breakout. Since then, price has pushed higher with momentum, now trading above $117K.
If this pattern continues to play out like before, Bitcoin could be eyeing $130K and beyond in the coming weeks.
The structure is strong, the trend is intact, and bulls are clearly in control.
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.
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.