Bitcoin at a Critical Range: Breakout Toward $80K Incoming

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Bitcoin at a Critical Range: Breakout Toward $80K IncomingBitcoin / TetherUSBINANCE:BTCUSDTNexi-Market📌 As Bitcoin consolidates beneath a key supply zone, the market is approaching a decisive moment that could define its next major move. 💡 An analysis of the Bitcoin chart on the 1H timeframe reveals a range structure forming just below a key supply zone. Notably, price has already experienced one rejection from this supply area. ✔️ In the primary and more probable scenario, price is expected to revisit and test lower demand levels before initiating a breakout above the supply zone. In the alternative scenario, a direct breakout through the supply level is anticipated without a prior pullback. ✔️ Under both scenarios, a move toward levels above $80K appears likely an event that has not occurred for this asset in recent months. ⚠️ It is important to emphasize that this analysis is based on ideal market conditions. Should geopolitical tensions in the Middle East escalate, a move toward lower price levels should be expected. I look forward to hearing your thoughts ☺️ Sincerely; Hossein Poursaei