🚨 *BTC/USD Testing Crucial 8-Year Trendline*
*Current Price:* 117,138.86
📏 This long-term trendline, stretching back to 2017, has acted as a major pivot in Bitcoin’s macro cycles — signaling both blow-off tops and deep corrections. BTC is now approaching this line again, making this a high-stakes zone.
📈 *Targets (if breakout confirms):*
1️⃣ *TP1:*123,500 – local high & psychological barrier
2️⃣ *TP2:* 135,000 – Fibonacci extension bull target
3️⃣ *TP3:*150,000 – key milestone, would signal peak euphoria zone
🛑 *Stop Loss (SL):*
*111,000* – just below recent support and EMA cluster; keeps risk tight if rejection happens
🔍 *Analysis:*
- *Volume momentum* will decide whether BTC breaks above the trendline or gets rejected.
- Historically, *retests of macro trendlines* either lead to strong continuation rallies or brutal corrections.
- If BTC fails to hold above this zone, we could see a retrace to the105K–$100K range before trying again.
📊 *Bullish Signs:*
- ETF inflows are still strong
- Institutional adoption is rising
- Miner capitulation phase may be ending
🧠 *Real Talk:*
This is a *critical decision point* — patience is key. If BTC confirms above the trendline, momentum could shift sharply bullish. But if it rejects here, expect volatility.
🔥 *Watch this level like a hawk. This isn’t just a breakout — it’s a cycle-defining moment.* 🚀💥