I see Bitcoin regaining strong bullish momentum, and I believe the recent price action clearly shows that buyers have regained control after a deep but technically justified correction. I note that Bitcoin has been steadily rising from the 94,555 support area, and I consider this level to be a key structural foundation for the current upward move. I observe that price is now trading around 97,482, and I recognize that on the H1 timeframe there is still no clearly defined resistance, which suggests that upside pressure remains dominant. I believe that the psychological level of 100,000 is now the main magnet for price, and I emphasize that consolidation above this level will be far more important than a simple intraday spike. I remember that earlier I was concerned about Bitcoin holding steady while traditional markets moved against the US dollar, and I now see that Bitcoin has decisively returned to life, confirming its independent strength. I attribute part of this renewed demand to global uncertainty, political turbulence in the US, and growing anxiety among dollar-based investors. I think this environment naturally supports Bitcoin as an alternative asset, and I see that investor interest is clearly increasing as price accelerates. I acknowledge that while targets around 105,000 are technically possible, I consider it premature to focus on them before the 100,000 level is properly tested and defended. I remain aware that volatility near such round numbers is often extreme, and I expect sharp pullbacks to remain part of the process.
I recall that the earlier decline was technically expected, even though I admit that its intensity exceeded my initial assumptions. I remember identifying a strong bearish divergence on the MACD, and I also observed a secondary bearish divergence on the CCI, which reinforced my bearish expectations at the time. I note that the rising wedge reversal pattern played out almost perfectly, and I saw that once it was broken, downside pressure accelerated sharply. I watched price fall toward the senior ascending trendline and rebound from the 98,589 support zone, and I initially expected an accumulation range to form between this level and the 108,094 resistance. I now recognize that large market participants chose a different path, forcing price sharply lower instead of allowing a prolonged consolidation. I observe that after this aggressive sell-off, a corrective phase began, and I see signs that this correction may still continue. I note that the CCI has turned upward from the oversold zone, and I interpret this as a short-term bullish signal rather than a full trend reversal. I consider the break of the 98,589 support to be structurally important, and I find the subsequent retest from below to be technically logical. I expect a battle between buyers and sellers near this former support and descending trendline, and I believe a diffuse accumulation zone may form here. I also accept that price could still be driven back toward the 108,094 level, which I regard as a powerful weekly mirror level. I remember that Bitcoin spent much of December and early January consolidating near the lows, and I now see the current rally as a natural reaction to that prolonged base. I emphasize that the confirmed daily breakout above 93,750 strengthens my long-term bullish outlook, and I continue to expect an eventual test of 100,000 followed by either a corrective pullback to 93,750 or a decisive breakout toward 106,250 over the coming weeks.
