Bitcoin’s correction to $103K aligns with a bullish roadmap targeting $170K as institutional accumulation strengthens key support levels.
Analysts view the $103K level as a pivotal base for the next breakout, supported by high volume and strong retail-institutional interest.
Market structure shows consolidation is complete, with Bitcoin poised to resume its upward trend as July-August breakout window approaches.
Bitcoin’s latest dip to the $103K zone is now aligning perfectly with bullish technical expectations. Analyst Astronomer closely monitor this level and believe it is the final leg down before an upward surge. Market sentiment suggests that this correction was anticipated as part of a broader bullish framework pointing to a $170K price target.
Currently, Bitcoin trades at $103,459, placing it slightly above the projected close level of $103,364. Analysts view this zone as the key pivot for the next breakout. The cryptocurrency’s movement from April through June reflected strong accumulation and a steep climb from $85,000 to $105,000. Moreover, this pattern set the foundation for the current structure, which continues to hold investor attention.
Critical Levels Guide Trading Strategy
Besides $103K, the $98,626 zone remains an ideal area for major position building. Further below, the $90,007 level serves as the “all-in” zone for aggressive accumulation. These zones reflect intense institutional interest, particularly during brief corrections.
Source: Astronomer
Additionally, volume trends indicate that Bitcoin remains highly liquid at every level, with perpetual contract activity confirming sustained participation. Binance data also supports this outlook, with rising inflows showing growing confidence among both retail and institutional buyers.
Consolidation Adds Strength to Breakout Outlook
The price consolidation between June and July has created a stable support base around $103K. This structure supports the argument for a strong bounce. Consequently, traders expect price discovery above this level as Bitcoin prepares to retest higher resistance.
Moreover, technical indicators suggest the breakout setup is nearly complete. The market aligns with this trajectory, particularly as bears celebrate minor drops. However, the bullish structure remains intact, with larger moves expected in the coming weeks.
Hence, traders await confirmation of a sustained push beyond the expected close. With sentiment improving and accumulation accelerating, the bullish case grows stronger. The roadmap now points toward July and August as the most likely windows for the breakout. If Bitcoin holds above $103K, a rally toward $170K appears increasingly probable.
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