Bitcoin's Long-Term Trend Remains Up

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Bitcoin's Long-Term Trend Remains UpBitcoin / US DollarCOINBASE:BTCUSDNouzTraderThe medium-term trend is in a Strong Bullish phase. This is confirmed by the formation of a neat series of Higher Highs (HH) and Higher Lows (HL). After experiencing a correction from the ~66,800 peak to the ~63,800 range, the price successfully formed a new Higher Low and pushed upward again impulsively. Resistance/Supply Zone: Range 65,500 - 65,800 (nearest resistance area) and range 66,600 - 67,000 (main Supply Zone peak). Support/Demand Zone: Range 64,800 - 65,000 (nearest horizontal line/SBR Flip area) and range 63,800 - 64,100 (main structural Higher Low floor). Wave Structure: The impulsive rise from the ~60,000 low to the ~66,800 peak is counted as Wave 1 or Wave 3 of the main impulse. The shallow downward correction held in the 63,800 area is identified as the completion of Wave 2 or Wave 4 (Corrective Wave). Current Status: The upward impulse from 63,800 towards 65,058 is currently calculated as the beginning of the expansion of the micro Wave 3 (within the macro Wave 5) or an impulsive continuation impulse. Projection: The price movement is projected to continue its impulsive upward cycle to pursue the next wave extension target, with the potential to retest the 66,800 peak and form a new Higher High.