Bitcoin: Setting Up To Break 60K? Here's How.Bitcoin / TetherUSBINANCE:BTCUSDTMarcPMarketsBitcoin is still within the broader range with a key resistance at the 74K level. If price cannot decisively clear this level, then this structure is favors a bearish break. This is what the technical picture looks like, BUT fundamentals must support this otherwise it means very little. If catalysts appear in the coming weeks that lead to a break of support around the low 60Ks, then a move to 50K becomes reasonable. The illustration on the chart shows how the price action can play out within the range before eventually breaking out. It presents a bullish possibility, and this can happen, BUT a substantial catalyst will have to support such an event. An example may be something like the CLARITY act, but it could be something unexpected also. Without the 74K being compromised, it is more reasonable to anticipate bullish fake outs. The 60K area support is favored to break in my opinion because from a technical perspective, the 74K area is now acting as a LOWER HIGH resistance. Lower highs often lead to lower lows. Until the market breaks this bearish continuation structure, it is a good idea to keep expectations within the boundaries of the technical structure in play. Keep in mind in this game, its not about being about to tell the future, its about adjusting to the probabilities as implied by price structure and fundamental alignment. Things change fast, and in order to adapt we need to let the market reveal its hand. This is why being able to identify levels and adjusting to confirmations along with risk control is more effective than "telling the future" Thank you for considering my analysis and perspective. Real time updates see signature.