Bitcoin Monthly Structure: Retest in Progress — Is This the LastBitcoin / TetherUSBINANCE:BTCUSDTunichartzBitcoin has always been a market that rewards those who zoom out. On the monthly timeframe, the bigger picture becomes crystal clear, and right now it is telling a very important story that every serious trader needs to pay attention to. The Long Term Structure Since 2019, Bitcoin has respected a key ascending support line with remarkable consistency. Every major correction has found its footing exactly on this trendline, producing some of the most significant buying opportunities in crypto history. The green arrows on the chart mark each of these historic touches — 2019, 2020, and 2023. Every single time price tagged this line, what followed was an explosive move higher. Where Are We Now? After reaching a peak above $109,000 in early 2025, Bitcoin has pulled back significantly and is now trading at $78,672. Price has retraced directly into the Key Zone — a major historical support and resistance area that previously acted as resistance back in 2021 and 2022 before being broken and converted into support. This is a textbook retest of a broken resistance zone now acting as support. The chart is clearly labeling this as "Retest in Progress" — and historically these retests have been the highest probability long entries on the Bitcoin monthly chart. The 50 EMA Dynamic Support Adding further confluence to this zone is the 50 EMA sitting at $66,051. This moving average has acted as dynamic support throughout Bitcoin's entire bull market structure. During the 2023 accumulation phase price bounced perfectly off this level twice — marked by the orange circles on the chart. It is now rising and converging with the Key Zone, creating a very strong support confluence between $66,000 and $73,000. What Does This Mean Going Forward? There are two scenarios the market needs to resolve: Scenario 1 — Bullish: Price holds the Key Zone and the ascending trendline, bounces from current levels and continues the macro uptrend. The next major target would be a retest of the $109,000 highs and potential price discovery above it. Scenario 2 — Bearish: Price loses the Key Zone and breaks below the ascending trendline on a monthly close. This would be the first time in this entire bull cycle that the trendline has been broken — a significant bearish signal that would open the door to much lower levels toward $50,000 and potentially $40,000. The Key Level to Watch The ascending trendline and the $66,000 to $73,000 confluence zone is the most important level on the Bitcoin chart right now. As long as monthly candles continue to close above this zone the macro bull structure remains fully intact. Historical Context Every time Bitcoin has retested a major breakout zone on the monthly timeframe it has gone on to make new all time highs. 2020 retest led to $69,000. 2023 retest led to $109,000. If history rhymes — and in Bitcoin it usually does — this retest could be setting up the next major leg higher. Conclusion The monthly chart is at a critical decision point. The structure is still bullish. The retest is clean. The confluence of support is strong. But confirmation is everything — wait for monthly candle closes above the Key Zone before making any decisions. Patience and discipline always win on the higher timeframes. This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly. DYOR, NFA. Thank you for reading! 🙏 If you found this analysis helpful please give it a boost and share it with fellow traders. It truly means a lot and helps this work reach more people in the community.