#MarketRebound shows strength by breaking through key resistance levels!

Bitcoin (BTC) recently demonstrated remarkable strength by rebounding from a known confluence area consisting of the golden pocket and the four-hour fair value gap (FVG) around the 100,000 level.

$BTC

BTC

109,430.49

+0.72%

This technical area has long represented a reliable support, proving its significance once again, providing a solid foundation for the current rise.

After this rebound, Bitcoin rose to 108,000, decisively breaking above the four-hour fair value gap (FVG) near 107,000. With this breakout, it is now expected that the previous resistance area will turn into support, boosting confidence in bullish forecasts. This type of price movement is often observed in strong upward trends, where key resistance levels are reclaimed and turned into support, providing a basis for further increases. More importantly, Bitcoin (BTC) has also succeeded in breaking through the golden pocket resistance, a critical Fibonacci retracement area closely monitored by traders. This breakout, along with the FVG indicator exceeding on the four-hour timeframe, paves the way for a potential continuation towards Bitcoin's all-time high.

Momentum is clearly increasing. Buying pressure is strong, and pullbacks have been shallow, indicating a market dominated by demand. As it holds above the reclaimed support areas, the path...