Bitcoin May Have More Room to Run

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Bitcoin May Have More Room to RunBitcoin / TetherUSBINANCE:BTCUSDTpullbacksignalThe market has been compressing between a rising support structure and a descending resistance line. Now price has pushed above that descending structure, but for me, the breakout itself is not the most important part. The reaction after the breakout is. I am watching the $67,000–$66,000 support zone as the main pullback area. If Bitcoin returns to this zone and holds it with a healthy reaction, the current structure could provide room for another move higher. BTCUSDT — Bullish Setup 🟢 Pullback Zone: $67,000 – $66,000 🛑 Invalidation: $64,000 🎯 Mid-Term Target: $73,000 🎯 Long-Term Target: $77,500 The Fibonacci structure also puts the pullback area around the key retracement levels, which makes this zone more interesting. I am not interested in chasing a vertical move. I would rather see how price behaves around the pullback zone and then react to the market. One important point: this chart does not guarantee that Bitcoin will reach $73K or $77.5K. If the $64K invalidation level is lost, this bullish setup needs to be reconsidered. For a longer-term perspective, it is also worth looking back at Bitcoin's previous reactions around similar structures. History does not predict the future, but it can help us understand how price has behaved before. Risk warning: Cryptocurrency and especially leveraged/futures trading involve substantial risk. This analysis is for educational purposes only and is not financial advice. Always use appropriate position sizing and define your risk before entering a trade.