$BTC

BTC

77,718.76

-0.46%

when in doubt zoom out, as you can see on the weekly timefame the structure is firmly bullish, with price holding above the 200MA. Dropping to the daily, the 200MA sits at $86,700, the level that must be reclaimed to confirm bullish continuation.

Price is currently trending within a bullish megaphone pattern, with point 5 projecting a target of $140K at resistance.