Bitcoin β€” Knocking on $70K Again

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Bitcoin β€” Knocking on $70K AgainBitcoin / US DollarCOINBASE:BTCUSDTheZimpact πŸš€This is a textbook example of why the zone mattered. πŸ†Previously: Bitcoin spent a long time moving sideways, building liquidity and pressure inside the range. We marked the major resistance zone before the expansion β€” and now price has finally pushed through it with strong momentum. πŸ“ˆ Bullish scenario The key zone around $67K–$69K has now been tested and broken. Price has exploded from the range and is currently around $68.7K, with the previous high sitting near $69.7K. The next major objective is the $73K–$74K zone. If BTC breaks and holds above the previous high around $69.7K, we could see another bullish expansion toward that upper zone. And look at the chart: Sideways β†’ Zone β†’ Breakout β†’ Expansion. The zone did exactly what we wanted it to do. 🎯 πŸ“‰ Bearish scenario If Bitcoin fails to hold the breakout and falls back below the major zone, the breakout could turn into a false break. In that case, the lower part of the previous range becomes important again, with deeper downside zones around $57K–$58K. But for now, momentum is clearly favoring the bulls. 🎯 The takeaway The zone worked. We didn't need to chase the massive green candle. The level was already marked. The market eventually came to the zone, broke it, and gave us the expansion. That's the whole point of mapping these areas before the move happens. πŸ”₯