BTCUSD Consolidation Before the Next Big Move

Jan 13

Hello traders! Here’s my technical outlook on BTCUSD (4H) based on the current chart structure. Bitcoin is trading within a broader bullish structure after reclaiming key levels and breaking above previous consolidation zones. Earlier on the chart, price respected a rising support line and formed a series of higher lows, signaling growing buyer strength. After a brief pullback, BTC entered a consolidation range, where the market paused before continuing higher. This range acted as an accumulation zone, and the subsequent breakout confirmed renewed bullish momentum. Currently, BTCUSD is trading above the Buyer Zone around the 90,000–91,000 area, which aligns with previous resistance turned support. Price recently broke out from this zone and is now consolidating just below the Seller Zone / Resistance Level near 93,700. This resistance also aligns with a descending resistance line, increasing its significance and making it a key reaction area. My scenario: as long as BTCUSD holds above the Buyer Zone and respects the rising support line, the bullish structure remains intact. A clean breakout and acceptance above the 93,700 Resistance Level would confirm continuation toward the next upside target (TP1). However, a strong rejection from resistance could lead to a corrective pullback back into the Buyer Zone before any further attempt higher. For now, price remains compressed between support and resistance, and a decisive move is likely soon. Please share this idea with your friends and click Boost 🚀

Jan 14

Trade closed: target reached

Today we see that Bitcoin has made a strong momentum and is now trying to consolidate above the resistance level. Our goal has been achieved, the analysis worked perfectly.