However, this bullish move met selling pressure near the previously identified resistance zone at Bitcoin and 86,600$. Surpassing this level will be crucial for the continuation of the current upward trend.

Key Support: Bitcoin and 83,000$

For the rally to sustain, holding above Bitcoin and 83,000$ is essential. This level acts as both a psychological and technical support.

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If the price fails to maintain this support, a correction move back toward the broken trendline is likely. In this scenario, we could see a pullback toward the Bitcoin and 81,500$ – 80,000$ range in the short term.

Scenario: Return to Inside Trend

In a scenario where the breakout turns out to be a false move, and price re-enters the trend zone, downward pressure may increase. In this case, the first major downside target would be Bitcoin and 78,000$.

This support level has previously served as a base for consolidation and local bottoms, making Bitcoin and 78,000$ a potentially strong bounce zone in the event of a deeper correction.

Given the high volatility in crypto markets, caution is advised around these price levels. Proper position sizing and risk management are essential in the current technical setup.

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