Long

BTC — Bulls need to reclaim $62K

🏆Bitcoin remains under the dynamic resistance trendline after another rejection, while price continues to trade above the major demand zone around $58,000.

At the moment, BTC is stuck between strong support and descending resistance, making this one of the most important decision areas on the chart.

📈 Bullish scenario

If buyers manage to break above the dynamic resistance and reclaim the $62,000–$63,000 supply zone, we can expect continuation toward the Fibonacci Golden Zone around $67,000–$68,500.

📉 Bearish scenario

If the $58,000 demand zone fails to hold, the next bearish leg could extend toward the $55,000 area.

For now, Bitcoin is still trading inside a compression range. The next confirmed breakout or breakdown should provide the next high-probability directional move.

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BTC — How deep it can go?

von TheZimpact