#Bitcoin Is Holding a Key Support ls the Next Bull Run Starting?
$BTC is holding above a strong support zone after a long correction. Selling pressure is slowing, and buyers are beginning to regain control.
The first major resistance is around $90,000. If BTC breaks above this level, it could move toward its previous all-time high near $126,000, with a chance to set a new record high.
As long as Bitcoin stays above the $50,000-$55,000 support area, the bullish outlook remains strong.
Can Bit...
$ETH sitting pretty right here. My guess? We pause, catch our breath, then probably push higher.
I've seen this movie before — feels like we're just killing time before the move to $2,500. That's the other end of this range we've been stuck in. Not saying it's guaranteed, but the setup's there.
Just vibes, but sometimes vibes are all you got.
In the past week, I haven't shared many updates because my outlook on $BTC hasn't changed. The key levels remain very clear.
The only notable bullish development is on the weekly timeframe, where Bitcoin has broken above the 200 SMA. Historically, this has been a strong signal that the bear market bottom is near.
If history repeats itself, $57.7k could mark the bottom of this bear market.
What do you think?
Are you still expecting more downside, or do you believe the worst is already behind ...