$BTC Signals Trend Change: Bearish Breakdown to Bullish Breakout
Bitcoin has exhibited a well-defined sequence of structural breakdowns on the 3-day timeframe, maintaining a bearish market structure until the recent transition. The initial breakdown originated from the all-time high region, where price breached the lower boundary of the prior bullish structure. This was followed by a second impulsive move downward, marked by a decisive close below the 74k level, effectively invalidating the previous support and converting it into resistance. This shift extended downside pressure toward the major base support around 59k.
After holding this base demand zone, price has delivered a strong bullish reversal, breaking above the descending structure and reclaiming $74,547 signaling a shift in market structure.
Holding above this level supports a move toward $84,431, with a potential retest of 74k before continuation. Sustained strength opens the path toward the $96,950 region, suggesting a possible formation of an intermediate bottom and the start of a new upward leg.
#AltcoinRecoverySignals? #ARKInvestReducedPositionsinCircleandBullish #Kalshi’sDisputewithNevada #BitcoinPriceTrends