Bitcoin Bulls Regain Control After Trendline Rebound, Aim 81,2K

May 8

Hello traders! Here is my technical outlook based on the current BTCUSDT (1H) chart structure. Bitcoin previously traded within a range. After finding support near the ascending trendline, price reversed, confirming renewed buying momentum. Currently, BTCUSDT is trading above the 79,200 buyer zone, while approaching the 81,200 seller zone. The market is also respecting the ascending support line, and a recent bounce from this area indicates that buyers remain in control. As long as BTCUSDT holds above the 79,200 support and respects the ascending trendline, the bullish scenario remains valid. A continuation higher could push price toward the 81,200 resistance level (TP1). Please share this idea with your friends and click "Boost" 🚀

May 10

Trade active

We can see that everything happened as I expected, a correction to a strong support zone, from where the reaction of buyers and an upward movement followed. We even reached the resistance zone, but at the moment the price is in a consolidation phase!

May 11

Trade closed: target reached

As we can see, our patience was rewarded. As I expected, Bitcoin went back to the 82K level and we got our goals!