$BTC Fake Breakout Confirmed — Can Buyers Push Bitcoin Toward $83.3K?
Bitcoin has been trading inside a Range over the past 24 hours on the 15-minute timeframe and recently created a Fake Breakout above the resistance area.
However, on the higher timeframe, BTC is still trading inside the Heavy Resistance Zone ($81,950-$82,950).
The next short-term move could depend heavily on the support confluence below.
I expect Bitcoin to potentially start another bullish move from the combination of the Fibonacci level, the Support Zone ($81,580-$82,000), the Cumulative Long Liquidation Leverage ($81,230-$81,620), and the key $81,780 trading level.
If buyers defend this structure, BTC could recover toward the key $82,340 level first.
A confirmed breakout above $82,340 would increase the probability of Bitcoin breaking through the next Resistance Zone ($82,430-$82,630).
If bullish momentum strengthens further, BTC could then extend toward the Cumulative Short Liquidation Leverage ($83,000-$83,300).
For now, the reaction from the current support and liquidity structure will be critical in determining Bitcoin’s next short-term move.
What comes first for Bitcoin?
🟢 Breakout toward ($83,000-$83,300)
🔴 Support structure fails
Bitcoin has been trading inside a Range over the past 24 hours on the 15-minute timeframe and recently created a Fake Breakout above the resistance area.
However, on the higher timeframe, BTC is still trading inside the Heavy Resistance Zone ($81,950-$82,950).
The next short-term move could depend heavily on the support confluence below.
I expect Bitcoin to potentially start another bullish move from the combination of the Fibonacci level, the Support Zone ($81,580-$82,000), the Cumulative Long Liquidation Leverage ($81,230-$81,620), and the key $81,780 trading level.
If buyers defend this structure, BTC could recover toward the key $82,340 level first.
A confirmed breakout above $82,340 would increase the probability of Bitcoin breaking through the next Resistance Zone ($82,430-$82,630).
If bullish momentum strengthens further, BTC could then extend toward the Cumulative Short Liquidation Leverage ($83,000-$83,300).
For now, the reaction from the current support and liquidity structure will be critical in determining Bitcoin’s next short-term move.
What comes first for Bitcoin?
🟢 Breakout toward ($83,000-$83,300)
🔴 Support structure fails