Bitcoin (‎BTC) Breaks Bearish Structure: Bullish Trend Resumes with Eyes on $92K and Beyond

Bitcoin has re-emerged in a bullish light as buyers successfully pushed the price above a prevailing bearish trend line, signaling a possible end to the recent downward correction. After a strong bullish performance during the last quarter of 2024, BTCUSD surged to new highs, reaching a peak in December before entering a consolidation phase.

‎BTCUSD Key Levels

‎Support Levels: $78700.00, $67800.00
‎Resistance Levels: $92300.00, $108200.00

‎‎BTCUSD Long-Term Trend: Bullish (Daily Chart)

‎This period of ranging continued into early February 2025, where sellers began to dominate, triggering a bearish retracement. The selling pressure drove BTC below the key $92,300 supply level, with a minor breach of the $78,700 demand zone. Despite this dip, the price has since reversed, showing strong signs of renewed buyer interest.
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‎While it was initially expected that the price would revisit the daily bullish order block before resuming upward, the recent breakout above the bearish trend line has invalidated that scenario. This breakout marks a potential trend reversal, supported by the Relative Strength Index (RSI) on the daily chart, which indicates growing bullish momentum and increased buyer participation.

‎Bitcoin Medium-Term Trend: Bullish (4-Hour Chart)

‎The 4-hour chart offers further confirmation of the bullish shift. A visible breach of the bearish trend line has occurred, supported by a failed low structure and a sequence of higher highs. This classic bullish price action structure suggests that momentum has decisively shifted in favor of the bulls.
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‎‎In addition, the 4-hour Moving Average aligns with the bullish outlook, as price action is consistently trading above the indicator—often a strong sign of a bullish crypto signal. With the trend now tilted in favor of buyers, Bitcoin is poised to retest the $92,300 level. A successful breach of this resistance could open the path to the next major target at $108,200. Traders should watch for continued bullish volatility and confirmation patterns near these key levels.

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