#BTCRebound

Recently, prices have breached the downward trendline indicating the correction phase, suggesting a gradual shift towards bullish sentiment.

However, caution is warranted as this could still be a false breakout. If such a scenario materialises, we anticipate the inverse head and shoulders pattern.

A notable resistance level has emerged around the 84,000 level, with price action struggling to surpass this threshold, underscoring its significance as a pivotal zone.

Moving forward, the market is likely to oscillate between 84,000 and 89,000 before potentially retesting the March high levels.

Overall, we may experience positive momentum and bullishness in the market towards the end of this month. However, this outlook remains susceptible to any unforeseen negative news that could adversely affect price action.

My mid-term objective is to establish resistance around 94,800.

Traders, I would appreciate it if you could share your thoughts and opinions on this analysis in the comments section. Your insights are valuable.

Please exercise caution when making trading decisions.