BTC Gathers Strength Below Resistance – Watch 70K Level

Apr 7

Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. Price moved from a range into a bullish phase, then faced rejection from a descending resistance line and entered consolidation. After finding strong support, BTC started forming higher lows along an ascending support line, signaling recovery momentum. Currently, price is holding above the 68,200 demand zone and approaching the 70,000 resistance (seller zone), while building pressure beneath it. The structure shows a potential continuation within an ascending channel. As long as BTCUSDT holds above the 68,200 support and respects the ascending support line, the bullish bias remains valid. A breakout above the 70,000 resistance could trigger continuation toward higher levels (TP1). Please share this idea with your friends and click Boost 🚀

Apr 8

Trade closed: target reached

After Bitcoin reached the support zone, an impulsive reaction followed, pushing the price even higher to our target!