Bitcoin establishing a strong bullish continuation.

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Bitcoin establishing a strong bullish continuation.Bitcoin / TetherUSBINANCE:BTCUSDTMR_GOLD_12Bitcoin is currently showing a highly compressed price structure, repeatedly moving back toward the 76k support/demand zone at the same time, the lower highs and repeated rejection from the 78k resistance region indicate that sellers are still active and are preventing BTC from establishing a strong bullish continuation. From the fundamental side, traders are also watching U.S. monetary-policy expectations, Treasury yields, the U.S. dollar, inflation concerns and geopolitical developments, all of which can influence Bitcoin's short-term risk appetite. Therefore, the repeated movement toward support should not automatically be interpreted as a guaranteed reversal—it is an area where confirmation is needed. As long Price the 76k zone continues to hold and BTC produces a bullish reaction, the first important confirmation would be a reclaim of 77k a sustained move above this level could open the path toward 78k, followed by the major 80k psychological resistance. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.