Bitcoin Forms a Higher Low: Breakout Toward $65,000 Next?Bitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinBitcoin(BTCUSDT) has formed a Higher Low(HL) around the Support Zone, suggesting that bearish momentum may be weakening on the 1-hour time frame. BTC is now attempting to break above the key trading level of $63,940 and the Resistance Lines. Can Bitcoin confirm the breakout and extend its recovery toward the next liquidity zone? Technical Analysis From an Elliott Wave perspective, Bitcoin appears to need another bullish wave, which could develop alongside a breakout above the Resistance Lines. The recent Higher Low(HL) also supports the possibility of a short-term bullish continuation. 💡 Educational Note: A Higher Low(HL) forms when buyers step in above the previous swing low. When followed by a resistance breakout, it can signal a potential shift toward a stronger bullish market structure. The S&P 500 has also been trending higher over the past few hours, which could provide additional support for Bitcoin if the positive correlation continues. I expect Bitcoin to break above the Resistance Lines and rise at least toward $64,379. If bullish momentum strengthens, BTC could extend toward the Cumulative Short Liquidation Leverage ($64,500-$65,000). Trade Setup First Take Profit(TP): $64,379 Second Take Profit(TP): Cumulative Short Liquidation Leverage($64,500-$65,000) Stop Loss(SL): $63,180(Worst) Key Trading Level: $63,940 Which level do you think Bitcoin will reach first? 🟢 $64,379 🔴 $63,180 📌 Bitcoin Analysis(BTCUSDT), 1-hour time frame. 🛑 Always use proper risk management and set a Stop Loss(SL) for every position. 🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.