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$BTC /USDT ANALYSIS
Bitcoin is currently testing the horizontal demand zone after a strong breakout from the triangle pattern and the horizontal supply zone, which is now acting as support.
Additionally, an ascending support trendline is also supporting the current price level, indicating strong market structure.
If Bitcoin continues to hold above this demand zone and the support trendline, we can expect a bullish continuation toward the next resistance levels around $73,000, $75,000, and potentially $78,000.
On the other hand, if the price breaks down below the support trendline, it may lead to a pullback toward the previous triangle breakout area around $68,500 – $69,000.
Keep a close eye on the price action around the current support zone, as holding this level could trigger the next bullish rally.