BITCOIN | History Repeating Again — Or Is This Time Different?BitcoinCRYPTO:BTCUSDSroshMayi Bitcoin has staged a strong recovery, breaking above $70,000–$72,000 as improving liquidity conditions and a weaker U.S. dollar provided support to crypto markets. The latest acceleration followed the U.S. Treasury's move to increase long-end bond buybacks, which initially eased pressure on Treasury yields and improved appetite for alternative and risk assets. However, the fundamental environment remains mixed. Higher oil prices, geopolitical tensions and persistent inflation concerns could keep Treasury yields volatile, while the latest Fed minutes indicated that policymakers remain concerned about inflation and are still open to further tightening if necessary. These factors could generate sharp corrections even if Bitcoin's technical recovery continues. Technically Bitcoin has shown a significant change in structure after spending several weeks consolidating above the major demand zone around 57,360–60,280. In our previous analysis, BTC broke below its second ascending channel and extended the bearish movement exactly as projected toward the major demand area. This time, however, buyers successfully defended the demand zone and the market has now made a fresh breakout above the 65,800 resistance area, strengthening the short-term bullish structure. As long as Bitcoin remains above 65,800, the broader recovery remains active. After the current sharp rally, a corrective movement toward 70,000–68,000 remains possible before another attempt higher. The next important upside level is around 76,680. A confirmed daily close above 76,680 would strengthen the bullish scenario toward 82,370. A breakout above 82,370 would represent a much more significant structural confirmation and could open the way toward the 88,160–92,500 area. Key Pivot: 65,800 Support: 65,800 – 60,280 – 57,360 Resistance: 76,680 – 82,370 – 88,160