BTCUSD: Ascending Support Could Trigger Relief RallyBitcoin / U.S. dollarBITSTAMP:BTCUSDMichael_HardingBTCUSD continues to respect a series of bearish rejection zones, but price is now beginning to develop higher lows along an emerging ascending support trendline. While the broader trend remains cautious, buyers appear to be stepping in at progressively higher prices. A sustained hold above the $60,000 psychological level and continued respect of ascending support could provide the momentum needed for a move toward the $65,500 resistance zone. This trade idea offers approximately a 1:2 risk-to-reward while using the recent swing low beneath support as the invalidation level. Key Levels Entry: Around $60,000 following bullish confirmation at ascending support. Target: $65,500 Stop Loss: Below $57,500 Trade Thesis Multiple bearish rejection areas have already been tested. Price is beginning to print higher lows, suggesting buyers are gradually gaining control. The ascending support trendline remains the key structure to monitor. A confirmed bounce from support increases the probability of a continuation higher toward resistance. As always, wait for price confirmation before entering rather than anticipating the move.