Bitcoin ($BTC ) has once again defied expectations, proving how unpredictable the crypto market can be. Many traders were convinced that BTC would continue its downtrend towards $59,000, especially after a steep drop. However, as is often the case, when 70% or more of the market takes short positions, a reversal becomes more likely. BTC found strong support, formed a textbook double-bottom reversal, and surged past key resistance levels, catching short-sellers off guard. Breaking above the neckline resistance, Bitcoin has now regained bullish momentum, signaling the potential for further upside.

With the price currently around $93,100, a push toward $97,500 is on the table if buyers maintain control. If BTC holds above the breakout zone, it could continue its upward trajectory, but traders should be cautious of volatility. Stop-loss levels around $89,500 help manage downside risk while riding the momentum. This move once again highlights the importance of market psychology—when the majority expects a dump, the market often moves in the opposite direction.

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