#Bitcoin is once again knocking on the door of major resistance, and smart money is watching this chart very closely.
Here’s why this setup matters — and what could come next. 👇
The Big Picture
$BTC is currently riding a multi-year ascending wedge, a powerful structure that’s been in play since 2017.
Key points:
✅ Long-term uptrend intact
✅ Higher highs, higher lows → macro bullish
✅ Major support trendline holding perfectly
The Battle Zone: Neck Line Resistance
BTC is now trading around $109K, approaching the critical Neck Line Resistance Zone.
Why this matters:
→ Break this level, and the market could enter a parabolic phase toward $150K–$180K+.
→ Get rejected here, and we may see a healthy pullback to reset the trend.
Either way — this is a moment of truth.
Key Supports to Watch
Support Zone (~$65K–$70K):
✅ Prior breakout retest zone
✅ Buyers stepped in strong here — bullish confirmation.
Bull Rally Support (~$54.5K):
Absolute must-hold level → lose this, and macro structure flips bearish.
Strong Multi-Year Trendline:
✅ Rising trendline since 2017
✅ As long as #BTC is above this → macro bullish bias remains valid.
What’s Next?
➡️ If BTC breaks above $112K with volume → expect fireworks 🚀
➡️ If rejected → possible pullback to $85K–$90K or even $70K zone
➡️ Bearish case only triggers on a break below $54.5K → currently low probability
Final Take
Bitcoin is at one of its most critical points in years.
The structure looks incredibly bullish — but a breakout confirmation is key.
📌 Traders: Watch the Neck Line like a hawk.
📌 Investors: As long as BTC holds above trendline → this is still big picture bullish.
Next few weeks could shape the next leg of the Bitcoin story.
Stay sharp.
👉 Follow for more BTC macro insights + breakout alerts!
