Most traders view this multi-week descending trendline breakout on $BTC as just another fakeout, but the price action is actually confirming a textbook macro trend reversal.
After breaking the major diagonal resistance and consolidating inside the support area around $64,700 to $65,100, price has successfully held above the key moving averages. This tight compression shows buyers absorbing overhead supply before the next expansion phase.
With the structural shift now confirmed on higher timeframes, momentum points toward a clean continuation upward. Clearing this consolidation zone sets up clear upside targets at the first objective near $66,381 and a secondary target at $67,596.
Breaking macro resistance changes the entire market structure from defense to offense.
#BTC #Bitcoin #CryptoAnalysis
After breaking the major diagonal resistance and consolidating inside the support area around $64,700 to $65,100, price has successfully held above the key moving averages. This tight compression shows buyers absorbing overhead supply before the next expansion phase.
With the structural shift now confirmed on higher timeframes, momentum points toward a clean continuation upward. Clearing this consolidation zone sets up clear upside targets at the first objective near $66,381 and a secondary target at $67,596.
Breaking macro resistance changes the entire market structure from defense to offense.
#BTC #Bitcoin #CryptoAnalysis