Bitcoin has successfully transitioned from the deep consolidation structure (the broadening wedge in Image 1) and is now validating its upward move with strong momentum and volume (as confirmed by the indicators in Image 2).

​The immediate focus is the $70,000 to $72,000 zone.

​Bullish Case: A decisive daily close above $72,000 would exit the broadening wedge entirely and likely trigger a rapid test of the $73,700 all-time high, entering a price discovery phase.

​Bearish Case: If the overhead resistance holds, a rejection might lead to a retest of $65,000 as new support. This would be a healthy backtest provided that the green diagonal support shown in Image 1 remains intact.$BTC #BTCReclaims70k #MetaPlansLayoffs #PCEMarketWatch #Iran'sNewSupremeLeader

BTC

77,556.74

+0.01%