Can Bitcoin Hold This Level?Bitcoin / U.S. dollarBITSTAMP:BTCUSDMathew_TraderGoldHello Traders, On the H1 timeframe, Bitcoin is currently trading back into a clearly defined resistance zone after recovering from the prior sell-off. The recent price action shows a series of higher lows, indicating short-term bullish pressure rebuilding as price rotates upward toward supply. This resistance zone is a key decision area. Historically, this level has acted as a distribution zone, and price reaction here will determine whether the move develops into a sustained continuation or another corrective rotation. If price manages to break above the resistance and hold with acceptance, the structure opens the path toward higher targets, as marked on the chart. In this scenario, continuation would likely unfold in stages, with upside extensions toward Target 1, then Target 2, and potentially Target 3, assuming structure remains intact. However, failure to accept above resistance would likely trigger a pullback. A rejection from this zone could rotate price back toward the mid-range support levels. As long as price holds above the broader support zone, such a move would still be considered a corrective pullback within a developing recovery, not a full bearish reversal. The bullish continuation scenario is invalidated if price decisively breaks below the marked support zone and shows acceptance below it. That would signal a structural failure and reopen the downside. At this point, Bitcoin is not at a high-conviction entry area but at a decision zone. Patience and confirmation are required. Let the market show whether it accepts above resistance or rotates back toward support before committing to directional bias. Share your view below.