Bitcoin has reacted cleanly from a major higher-timeframe demand zone after completing a corrective move within a descending channel, indicating strong buyer defense at support. The confluence of historical demand and channel support suggests seller exhaustion, and the current bounce signals a potential trend resumption toward the upper resistance zone. $BTC
As long as price holds above 82,000–83,500, bullish continuation is favored with upside targets around 88,000, 92,000, and 96,000, while a break below 80,500 would invalidate the setup and requires strict risk control through disciplined position sizing.
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Bitcoin has reacted cleanly from a major higher-timeframe demand zone after completing a corrective move within a descending channel, indicating strong buyer defense at support. The confluence of historical demand and channel support suggests seller exhaustion, and the current bounce signals a potential trend resumption toward the upper resistance zone. $BTC
As long as price holds above 82,000–83,500, bullish continuation is favored with upside targets around 88,000, 92,000, and 96,000, while a break below 80,500 would invalidate the setup and requires strict risk control through disciplined position sizing.