#cryptotradingpro
$BTC is just 3% shy of a new all-time high, and the current market structure suggests a breakout is imminent. Key technical signals point to strong bullish momentum.
$BTC is on the verge of making history again as it approaches a new all-time high. After months of bearish structure defined by the 21 EMA, a major shift has taken place. A recent breakout above this level flipped market sentiment, creating a strong foundation for higher prices. With the price structure now showing clear signs of strength, a new ATH could be just around the corner, potentially within the week.
-21 EMA Flip: The 21 exponential moving average, which previously acted as resistance, is now confirmed support.
-Bullish Market Structure: Bitcoin has formed consistent higher highs and higher lows.
-Key Support Level: $102,790 is the critical support to maintain current bullish momentum.