Is the BTC Tower Ready to Add Another Floor - Or is it Too EarlyBitcoinCRYPTO:BTCUSDAkeelahTradersOkay folks. Everyone is excited right now about the last day or so's move up on Bitcoin but I want to emphasize here in this video what we're seeing: it is part of a larger market structure that has been playing out for months and months now. If you take a look at my previous posts on the weekly and daily timeframes, you can see how this more recent bullish activity on Bitcoin originates from the relative low around $58,000 to $62,000. From that structure we had a weekly break of structure up out of the last resistance in that area. Since we had that weekly break of structure up, that was a huge move up and the market ran from around $62,000 all the way up to over $77,000, all in one week's candle. When a break of structure like that happens, that's very unstable and the market really needs to pull back and retest that broken area. We have not seen that retest yet. What's playing out right now is Bitcoin has pushed up to as high as $87,000 and got rejected back down. There's a newly created weekly demand zone between $76,000 and $79,000 that we have been watching very closely. That zone is going to be the make-or-break for Bitcoin for right now because the last structural support is around the $66,000 range, where the previous resistance was. Until that area is retested, it remains the last proven area of support. Currently we're seeing Bitcoin push up into this previous daily demand zone, which has now turned to resistance. On this first push up we see this rejection here. We need to watch this closely to see if Bitcoin is going to pull back down to the bottom of this current weekly demand zone (around $76,000). From there it would need to get enough strength to propel forward back to retest this $84,000 to $87,000 range. Or are we going to see that weekly demand zone fail and finally get the much-needed structural retest back around $66,000? Take a look at this video and see my thoughts for where the market is likely moving. Please leave me your comments, suggestions, questions, etc. Please follow @AkeelahTraders here on TradingView.