BTCUSD: Double Bottom Support triggers projected rally to FVGBitcoin / U.S. dollarBITSTAMP:BTCUSDExpert_TravisTechnical Elements & Key Levels 1. The Wedge Structure & Breakout Wedge Pattern: From February to May, the price traded within an ascending broadening wedge or large channel, marked by two white, diverging Trendlines. Breakout: In early June, a sharp downward move forced a clean "Breakout" (technically a breakdown) below the lower supporting trendline. 2. Key Support and Resistance Zones Double Bottom Support ( ~$60,000 - $61,500): The bottom green horizontal block indicates a strong historical demand zone. Price recently tapped this level in early June, creating a double-bottom structure that halted the aggressive post-breakout sell-off. SBR (Support Becomes Resistance) Zone (~$64,000 - $66,000): The middle green horizontal block represents a previous major support level that price is currently testing from below. HTF FVG (High Time Frame Fair Value Gap) Resistance Zone (~$71,500 - $73,000): The top pinkish-purple horizontal block outlines a premium structural imbalance acting as the ultimate upside target and a heavy resistance zone. Projected Price Path (The Blue Arrow Forecast) The chart outlines a specific path of interest for the remainder of June and heading into July: Point of Interest: The price is expected to pull back slightly from its current position around $64,182 to a dashed "Point of interest" line near $62,500, aligning with a local ascending support line. SBR Retest: A successful bounce from that point is projected to push the price back up to test the upper boundary of the SBR zone near $66,000. The Rally to FVG: If buyers clear the SBR zone, the blue projection arrow shows a strong, direct continuation upward to tap into the HTF FVG works as Resistance zone near the $72,500 level.