BTCUSD About To Break The Cross Resistance: Expecting 70k SoonBitcoin / U.S. dollarBITSTAMP:BTCUSDIGT_TradersBTCUSD continues to trade within a bullish market structure after reclaiming higher prices from the major demand zone. The chart shows sustained buying pressure, with price now testing a key psychological resistance area around $65,500. From a Smart Money Concepts (SMC) perspective, buyers remain in control, and a decisive breakout above the current resistance could trigger a strong bullish expansion toward the next liquidity pools. 🟢 Market Structure * The previous bearish trend was invalidated after a Change of Character (CHoCH) formed near the swing low. * Multiple Breaks of Structure (BOS) confirm that the market has transitioned into a bullish trend. * Price continues to print higher highs and higher lows, indicating continued institutional accumulation. 🟢 Demand Zones * Major Demand Zone: $58,000–$58,500 * This is the primary institutional buying area where smart money previously accumulated positions. * Updated Support: $61,600–$61,700 * This support has been respected several times and now acts as the first defensive level for buyers. * Holding above this region keeps the bullish structure intact. 🔴 Key Resistance & Liquidity * Psychological Resistance: $65,500 * Price is currently testing this important level where sellers may attempt to defend. * Major Supply / Sell Liquidity Zone: 66,000–$67,200 * This zone contains previous swing highs and likely resting sell orders. * A clean breakout above this area would signal that buy-side liquidity has been captured and could accelerate bullish momentum. 💧 Liquidity Perspective * Buy-side liquidity remains positioned above the previous swing high. * A move through the supply zone could trigger stop orders from short sellers and attract breakout buyers, creating additional upside momentum. # Bullish Outlook The overall structure remains constructive. Buyers have consistently defended higher lows, and momentum is building beneath a major resistance level. If BTCUSD closes decisively above the $65,500–$67,200 resistance region with strong volume, it would strengthen the bullish continuation scenario. # Bullish Targets 🎯 Target 1: $66,500 – Initial breakout objective. 🎯 Target 2: $67,200 – Major supply zone and liquidity target. 🎯 Target 3: $70,000 – Higher-timeframe psychological resistance and primary bullish objective. Trading Perspective: Rather than chasing price into resistance, traders may look for either: A confirmed breakout and retest above the $65,500–$67,200 resistance zone, or A pullback into the $61,600–$61,700 support area followed by bullish confirmation.