#BTCRebound

Bitcoin (BTC/USDT) on the 1-minute chart has formed a clear cup pattern, breaking above the previous double rejection zone around $83,300, signaling potential bullish momentum.

The price is trading above all EMAs, with the EMA(7) crossing above EMA(25), confirming short-term strength. RSI is at 55.8, showing more room for upside, while the MACD has just flipped bullish with increasing green bars.

If the breakout sustains, BTC may target $83,550–$83,700, with a possible extension to $84,000.

However, failure to hold above $83,300 could lead to a pullback. Traders should watch price action near resistance for confirmation or rejection.