BTC Bullish Continuation: The Significance of 50% RetracementsBitcoin all time history indexINDEX:BTCUSDTempo_TradesOver the past three years of bullish market cycles, the 50% retracement level has frequently acted as a reliable support zone following significant upward impulses. In multiple instances, after establishing a new swing high, price has pulled back to a 50% level before successfully establishing a higher low and resuming the primary bullish trend with strong momentum. This demonstrates the level's importance in reloading the trend. Following the most recent swing high, BTCUSD has executed a corrective move, which has now brought price precisely to the 50% retracement level of the overall bullish impulse. This successful defense of the 50% retracement level strongly implies the formation of the next higher low (HL) in the overall bullish structure. In summary, the market is currently at a high-probability reversal zone that has consistently preceded significant upward movements in Bitcoin's recent history. The risk/reward proposition favors a bullish continuation!