Bitcoin ($BTCUSDT) has successfully broken above its downward trendline, signaling a shift in market structure from bearish pressure to bullish momentum. This breakout indicates that sellers are losing control while buyers are gradually gaining strength.
After this strong move upward, a slight correction is expected as price retests nearby support zones. Such a pullback is healthy and often necessary before continuation toward higher levels. As long as BTC holds above the broken trendline and maintains bullish structure, the upward trend is likely to resume.
Traders should watch for higher lows forming on the retest, which would confirm renewed buying pressure and set the stage for the next bullish leg.$BTC
BTCUSDT
Perp
89,653.4
-2.85%
