#BTCBreaksATH BTCUSDT has sustained a well structured bullish formation since early 2024, consistently reacting to key trendline levels with precision.
$BTC
BTC
108,920.01
+1.86%
The initial major impulse started from the 38,545 region, rallying towards the 73,660 high, where the market faced rejection and confirmed a critical resistance zone.
Several retests followed within the upper structure, with each rejection forming part of a larger consolidation before a decisive breakout occurred.
The most recent breakout above the 101K mark has confirmed renewed strength and continuation of the bullish cycle.
We now expect a projected retest between the 106Kโ110K zone, which should serve as the springboard for the next impulsive move.
If this retest holds, the setup remains valid, and the bullish leg is expected to extend towards the confluence resistance zone around 123,420, 136,000, and 149,450.
This upper range is likely to act as the final target area for the current cycle before any significant macro correction sets in.
The most strategic re-accumulation opportunity lies around the 100,000โ101,000 region, which aligns with the anticipated retest zone and key structural support.
A successful hold in this range could offer a high probability entry ahead of a strong continuation move.
Trade at your own Risk ๐
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