BTC/USDT – 1D Chart Analysis
Golden Cross Replay?
Two important moving averages in play:
50-day MA (red): ~84,341
200-day MA (green): ~88,546
Earlier in the chart (circled on the left), BTC broke above both MAs, starting a strong bullish rally towards $120K.
We are potentially seeing a repeat of that pattern now
Breakout Confirmation
The price broke out of the descending triangle pattern (black trendline) — a bullish signal.
Strong breakout volume (green arrow) indicates conviction.
A retest of the breakout level (yellow area) at ~$92,000–$93,000 as support could confirm continuation.
Key Levels
Support: 88K–$90K
Breakout Zone: ~92K
Target Zone: $110K–$120K range if momentum continues
Golden Cross-like structure forming again
Downtrend resistance broken
Retest at horizontal resistance in progress
Look for confirmation of holding above the yellow zone to target higher levels
always provides crisp chart
FA – DYOR
Share your thoughts or setups!
