Bitcoin Breaks Major Supply Zone, Eyes Fresh Highs Above 67,000

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Bitcoin Breaks Major Supply Zone, Eyes Fresh Highs Above 67,000BitcoinOANDA:BTCUSDZenTrade_SetupThe 1H BTCUSD chart shows a decisive bullish development following weeks of consolidation beneath key resistance. Price built a strong recovery structure through consecutive BOS (Break of Structure) levels earlier in the period, with a Fair Value Gap (FVG) left behind near 63,000–63,800 marking an area of imbalance from the impulsive rally. This bullish momentum carried price directly into the Major Supply/Resistance Zone between 65,350 and 65,600 — a level that had previously rejected price on multiple occasions. This time, however, price confirmed a Bullish trendline breakout through this zone, signaling a genuine shift in market structure rather than another failed test. Currently trading at 66,346.0, down slightly on the session after the initial breakout push, Bitcoin is now trading in territory not seen in recent sessions. The projected path suggests a stepped continuation pattern, with a minor pullback likely before price pushes toward fresh highs above 67,200. This kind of retracement-and-continuation behavior is typical after a strong breakout, as the market often revisits the breakout zone to confirm former resistance has flipped into support before resuming the primary trend. From a risk management perspective, the key invalidation level for this bullish continuation would be a decisive break back below the former supply zone (under 65,350). Such a move would suggest the breakout was a false move and could open the door for a retest of the Buy Zone near 61,400–61,800. For now, structure strongly favors continued upside as long as the former resistance zone holds as support, with traders watching for confirmation on any pullback before targeting new highs. Do you think Bitcoin will push straight through to new highs, or will we see a deeper retracement back into the supply zone first?