BTCUSD Bullish Recovery from Support – Target 72.5KBitcoinOANDA:BTCUSDGold_Market_MindAscending Channel: Price remains within the broader bullish channel, indicating the overall trend is still upward. Harmonic / ABCD Structure: A completed corrective pattern formed near support, signaling a possible reversal area. Strong Support Zone: The 70,400 – 70,800 area is acting as a demand zone where buyers previously stepped in. Supertrend Resistance: Price needs to break above the 72,100 – 72,200 region to confirm bullish momentum. Trade Idea (Bullish Setup) 📈 Entry Zone: 70,800 – 70,900 Stop Loss: 70,400 Target: 72,450 – 72,500 Scenario Outlook Bullish Scenario If price holds above the 70,400 support, BTC could build momentum and push toward 72,400+, aligning with channel resistance and target level. Bearish Scenario A break below 70,400 would invalidate the bullish setup and could push price toward 69,800 – 69,300. Summary Bitcoin is showing signs of accumulation at support within a bullish channel. Holding the demand zone may trigger a 2% upside move toward 72.5K. Suggested Title: “BTCUSD Bullish Reversal from Support – 72.5K Target in Sight”