Bitcoin Uptrend Continues: Can Bulls Push To $BTC 91k..?
Bitcoin (BTC) has been maintaining a strong bullish structure on the 4-hour timeframe, forming a series of higher lows while staying inside an ascending channel. This indicates that buyers continue to step in on dips, keeping momentum in favor of the bulls.
Recently, Bitcoin bounced off the golden pocket level, a key Fibonacci retracement zone that often acts as a strong support area for reversals.This successful retest suggests that buyers are defending this level aggressively, reinforcing the bullish outlook for the coming days.
While BTC remains within the ascending channel, it is gradually pushing towards the next major price target, which aligns with the -0.618Fibonacci extension level near $91,000.
Key Zone: Fibonacci Support & Higher Low formation
Currently, Bitcoin is holding above a Critical Fibonacci level, confirming that buyers are actively defending the trend. The higher low formation further strengthens the bullish sentiment, as it suggests a continuation of the trend towards new highs.
A key aspect of this setup is that Bitcoin is maintaining its position inside the ascending channel, meaning that the uptrend structure remains valid. If the price continues to respect this channel, BTC could see a steady climb towards higher levels without major pullbacks.
For Bitcoin to confirm further upside movement,it needs to break above the -0.618 Fibonacci extension level ($91,000) with strong bullish momentum. This breakout would signal that buyers are fully in control and could lead to an extended rally towards even higher price targets.
Signs to watch for a bullish breakout:
A strong 4-hour close above $91K with increasing volume.
Retesting the broken resistance as New support (confirmation of trend continuation).V Maintaining higher highs and higher lows,reinforcing bullish momentum.
If these conditions are met, Bitcoin could continue it's climb towards new highs, potentially targeting levels beyond $95,000 in the short term.
