Bitcoin Bullish Structure as Price Eyes Point of Control

Bitcoin remains firmly in a local bullish uptrend with higher highs and higher lows. The ongoing correction is viewed as a healthy pullback within trend, keeping bulls in control.

After several weeks of steady gains, Bitcoin continues to show strength on the local timeframe. While short-term corrections are underway, structure remains intact, with traders closely monitoring the next major resistance zone.

Key Technical Points:

Local trend remains bullish with higher highs and higher lows.

Point of control (POC) aligns with 0.618 Fibonacci as major resistance.

Healthy correction suggests continuation if structure holds.

Bitcoin’s local price structure is showing resilience despite short-term corrective moves. Each dip has been met with renewed buying pressure, establishing consecutive higher lows and reinforcing bullish sentiment.

The next area of interest for traders is the high-timeframe point of control, which is in direct confluence with the 0.618 Fibonacci retracement level. This zone acts as a technical magnet for price action, often serving as a decisive battleground between bulls and bears.

As long as Bitcoin maintains its current structural integrity, the bullish bias remains valid. The probability of continuation higher is supported by volume dynamics and the steady formation of higher lows.

What to Expect in the Coming Price Action:

Bitcoin is likely to test the POC–0.618 Fib region in the near term. A sustained break above would confirm bullish continuation, while failure here could invite another corrective swing without breaking the broader uptrend.