#BTCRebound

Bitcoin Poised for a Major Surge After Key Support Holds Firm! 🚀

Analyst BTCEarth predicts Bitcoin could be on the verge of a powerful breakout, with a vital support zone standing strong, hinting at a market bottom.

The expert highlighted that Bitcoin’s price has “consistently honored the blue support line” tied to the “Trump rally breakout.” The current setup suggests a “potential bottom forming near this level, backed by solid volume and past price action.”

Is Bitcoin Bouncing Back? 📈

BTCEarth pointed out that the blue horizontal support line, first seen during Bitcoin’s September 2024 breakout, has been tested multiple times recently, cementing its role as a key support.

This repeated defense of support, per BTCEarth, shows Bitcoin is building a sturdy foundation. Such strength could spark an upward shift, with momentum and historical trends pointing to a possible breakout.

Bitcoin’s price is currently squeezed within a falling wedge pattern, BTCEarth noted. As the support base and Line E as the declining resistance. This tightening action signals a breakout is looming! ⚡

The accumulation range between $74,000 and $75,000 remains intact, offering a prime risk-reward setup for long trades. The first hurdle sits at $80,000, with tougher resistance between $86,000 and $88,000, driven by past consolidation and heavy volume. Clearing this could supercharge Bitcoin’s climb! 🪜

BTCEarth emphasized the ultimate target: the hefty $100,000 resistance. This level carries both psychological and technical weight. If Bitcoin gathers enough steam to break through, it could kickstart the next phase of its long-term bullish run. 🌟

Wrapping up, BTCEarth sees Bitcoin steadying above a pivotal support zone, suggesting a bottom is in place. A push past Line E could unleash a bold rally toward $88,000–$100,000. For now, patience and a cautious stance are the way to go. 🕒