After a sharp bear market from January highs near $98,000, Bitcoin entered a prolonged consolidation phase between roughly $64,000 and $76,000, building a solid base before breaking out with a strong bullish impulse in April.
Price is now trading around $77,400, having reclaimed the key support/resistance zone near $76,000. The next major target and likely decision point is the Bearish Order Block sitting between $94,000 and $98,000.
A rejection from that zone could trigger a significant pullback, while a clean break above it would invalidate the bearish structure entirely. Manage your risk accordingly.
Don't forget to leave a 🚀 under the graph and follow me if you liked this analysis.
BTCUSDT
Perp
77,687.8
+1.49%