Clean pennant breakout on the weekly — textbook continuation structure.
$BTC holding $83,500 as support after the break. That's your first confirmation. When price reclaims structure and holds it as a floor, the pattern is working.
Next resistance: $95,000. That's where you watch for either a clean push through or a retest back to support. If $83.5k holds on a pullback, the setup stays intact.
Invalidation is simple: lose $83.5k with conviction, and the breakout fails. Until then, structure says higher.
Longer-term targets using Fibonacci extensions:
• $102k (1.618)
• $155k (2.618)
Those are measured move projections from the pennant base. Not predictions — just where the math points if momentum continues.
This is how you read a breakout: confirm the level, mark the next resistance, know where it breaks. No guessing. Just structure.
$BTC holding $83,500 as support after the break. That's your first confirmation. When price reclaims structure and holds it as a floor, the pattern is working.
Next resistance: $95,000. That's where you watch for either a clean push through or a retest back to support. If $83.5k holds on a pullback, the setup stays intact.
Invalidation is simple: lose $83.5k with conviction, and the breakout fails. Until then, structure says higher.
Longer-term targets using Fibonacci extensions:
• $102k (1.618)
• $155k (2.618)
Those are measured move projections from the pennant base. Not predictions — just where the math points if momentum continues.
This is how you read a breakout: confirm the level, mark the next resistance, know where it breaks. No guessing. Just structure.
