Bitcoin Breaks Bearish Structure: A Potential for New Highs?
Bitcoin has broken its bearish trend, establishing a higher high. The critical resistance is at $94,259, requiring volume confirmation for continuation. A potential retracement to $81,850 could still support a bullish trend if it establishes a higher low.
Bitcoin has recently broken its long-standing bearish market structure, suggesting a potential shift in market sentiment. As the price approaches a significant resistance zone, the next few days will be crucial in determining the future trajectory of Bitcoin’s price movements.
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