#ArizonaBTCReserve
Initially, Bitcoin was moving inside a clean upward channel, showing steady growth with rebounds from the support line and multiple corrective phases.
After a strong breakout above the buyer zone, the price maintained bullish momentum and reached the current support level at 88500.
Later, BTC consolidated within the support area, confirming its role as a springboard for the next impulse move. The price eventually broke higher, leaving the channel behind and forming a new structure, an upward wedge.
This wedge is a natural development after a strong uptrend, often suggesting that the price may continue climbing toward the upper boundary before any potential reversals occur.
At the moment, BTC is trading between the wedge's support and resistance lines, precisely respecting both structures. Small corrective pull-backs have already been observed, but buyers quickly defended the support area, keeping the bullish structure intact.
Given the clear market structure, the strong breakout momentum from the support area, and the continuation pattern in the form of the upward wedge, I expect Bitcoin to continue moving higher toward the 97000 points, which aligns with the resistance line of the wedge.
This level also serves as my TP1 for the current bullish move.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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