BTCUSD Bullish Breakout from Downtrend with BOS, Targeting 70K

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BTCUSD Bullish Breakout from Downtrend with BOS, Targeting 70KBitcoin / U.S. dollarBITSTAMP:BTCUSDROYAL-EPIRE-FXThe chart shows Bitcoin against the U.S. dollar on the 1-hour timeframe. Price previously moved in a clear downward channel before finding strong support around the 65,500–66,000 demand zone. After consolidating, price formed a **Break of Structure (BOS)** and shifted into a bullish trend. A rising channel now guides price upward, with higher lows confirming bullish momentum. The current move shows strong continuation after reclaiming key levels around 68K. **Target:** * 🎯 **Primary Target Zone:** 70,000 – 70,400 * This area aligns with a previous supply zone and psychological resistance. **Bias:** Bullish continuation as long as price holds above the ascending trendline and the 66K demand zone.