BTCUSD: Broke Out and Retested the Falling Wedge

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BTCUSD: Broke Out and Retested the Falling WedgeBitcoin / U.S. dollarBITSTAMP:BTCUSDSamiraa_BTCUSD is the one I’m watching closely here. Price has already broken out of a clear falling wedge, and what makes the setup more convincing is that the breakout has now been successfully retested. Former resistance has held as new support, showing that buyers are still willing to defend the move. That reaction strengthens the bullish structure and suggests the breakout is more likely to continue rather than fail. As long as price remains above this retest zone, I expect BTCUSD to keep pushing higher toward 68,000. For me, the message is simple: breakout confirmed, retest respected, buyers still in control.