Bitcoin (BTCUSD) Breaks Resistance Line and Signals Bullish Momentum Ahead

BTCUSD breaks the resistance line and signals bullish momentum ahead. The bullish bias is confirmed as BTCUSD has broken out above a descending trendline resistance that has held since February. A strong bullish candle recently closed above the $84,000 zone, clearing the previous swing highs and confirming a structure shift. The price has formed a higher low near $74,420 and continued upward movement from there, supported by the bullish divergence on the RSI. The $85,010 level now serves as immediate resistance, with the next key level to watch being the psychological $100,000 mark.

Looking ahead, BTCUSD appears poised to continue its bullish momentum as long as it holds above $83,750. A successful close above the $85,000 could pave the way for a rally toward $100,000 in the near term. If this level is breached with strong volume, further gains toward the $108,390 range could follow. However, a break back below $79,800 would invalidate this bullish scenario and may signal a deeper retracement.

BTC Key Levels

Supply Levels: $85,010, $100,000, $108,390
Demand Levels: $74,420, $66,780, $53,500

What are the indicators saying?

The RSI (Relative Strength Index) currently sits at 51.99, rising gradually from recent lows and confirming a bullish divergence that previously formed near the $74,420 support area. This momentum shift aligns with the price trading back above the 9-day SMA, currently around $83,750, suggesting that buyers are gaining strength. The moving average has also flattened out, indicating the end of the previous downtrend and the potential start of a bullish phase.

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