Bitcoin’s bullish breakthrough suggests a sustained bull market – this is the next target
Bitcoin The main resistance levels have been destroyed, which suggests a resurgence of bullish momentum that could exacerbate the next phase of its rally. This move is due to the consistency of technical indicators for the Bulls. Prices now firmly surpass the previous obstacles, Market sentiment It is shifting, and confidence is building a sustained driving force.
Momentum indicators such as RSI and MACD support breakthrough narratives, suggesting that rally has room to extend before showing signs of exhaustion. As Bitcoin retracts key areas, it strengthens the current uptrend and opens higher goals for previous meetings.
How Bitcoin resists resistance and its meaning
Chartfreedom, in recent X postalshared the latest news on bullish bitcoin, stressing that the price has firmly exceeded $94,274 Resist, Continuation of signal strength and wider uptrend. Supported by solid momentum, the breakthrough shows that the Bulls remain in control as Bitcoin eyes are higher on the ground.
He also stressed the importance of the 50 EMA, which continues to act as a dynamic support level. This key moving average has been tested last time Callbackprovides a reliable bounce zone that enhances the ongoing bullish structure.
ChartFreedom determines $98,691 as the next target to watch. This level is consistent with previous highs and important Fibonacci expansion zones, which marks it as a key resistance, in which case traders may start profit or reevaluate positions.
To capitalize on this trend, he recommends looking for buying opportunities in the decline, especially near the $94,274 level, which is a powerful support. Even if Bitcoin sees a minor answer, maintaining a bullish stance remains valid as long as the price is above 50 EMA, which continues to guide the current rally.
Key Indicators Glitter Green: RSI, MACD and Volume all tell the story
Bitcoin’s recent price increase has been supported by enhanced technical indicators. Its relative strength index (RSI) has moved to neutral level 50 and now hovers around Bullish Regional, signaling that buyers are increasingly dominant outside of overbought territory. This suggests that there is still room for upward movement without the risk of immediate reversal.
Meanwhile, MACD is showing a clear bullish crossover, with the MACD line pulling on the signal line. When the RSI and MACD indicators are aligned like this, it usually marks the potential for sustained price appreciation.
Supporting this momentum is a significant rise in the volume, which provides credibility for breakthroughs. The large number of accompanying bullish price action often confirms that institutions and retail merchants are participating in the move. When the price, momentum and volume all go northward, it depicts a compelling picture, namely Bitcoin assembly It may not be over yet.
Featured images from Unsplash, charts from TradingView.com
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