Bitcoin is once again testing a critical level that could shape its next major move. With price action returning to a previously contested support and resistance zone, attention is now shifting toward a defined set of upside targets that could come into play if the level continues to hold.
Bitcoin’s S/R Zone Retest Signals Strength In Market Structure
According to market technician Johnathan Carter, Bitcoin’s weekly chart is currently revisiting a key zone that previously acted as resistance before being broken. That same level is now functioning as support, marking a classic support/resistance flip.
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The chart he posted shows that Bitcoin’s price has pulled back into this zone after a strong upward expansion, with buyers stepping in to defend it. This reaction is not occurring randomly. The highlighted region, positioned around the mid-$60,000 range, aligns with a former breakout area, reinforcing its technical importance.
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