Everyone is watching this massive expansion on $BTC , but missing the macro accumulation phase that fueled the breakout.
After coiling inside a tight horizontal range and clearing diagonal resistance around $64,800 , price erupted higher toward $71,700 . The impulse move easily cleared major overhead supply bands, shifting market structure decisively back to a strong bullish regime.
A temporary retest down toward former resistance turned support near $69,500 would solidify a healthy higher low. Holding this level keeps the path clear for a primary continuation push toward $72,800 and $75,200 .
Accumulation ranges build the coiled energy the breakout is just the trend executing its plan.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis
After coiling inside a tight horizontal range and clearing diagonal resistance around $64,800 , price erupted higher toward $71,700 . The impulse move easily cleared major overhead supply bands, shifting market structure decisively back to a strong bullish regime.
A temporary retest down toward former resistance turned support near $69,500 would solidify a healthy higher low. Holding this level keeps the path clear for a primary continuation push toward $72,800 and $75,200 .
Accumulation ranges build the coiled energy the breakout is just the trend executing its plan.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis