Bitcoin Reclaims Point of Control as Bulls Target New ATHBitcoin has confirmed a runaway gap on CME futures while reclaiming the point of control on Bybit. This shift turns resistance into support, setting the stage for a potential run to new highs.
Bitcoin began the week with powerful momentum, building on weekend lows to reclaim a major resistance level on futures charts. The confirmation of a runaway gap and strong close above the point of control have strengthened the bullish outlook, raising expectations for further expansion.
Key Technical Points:
- Bitcoin closed above the point of control (POC), turning it into support.
- Runaway gap on CME futures confirmed, boosting momentum.
- Dips below POC likely to be bought, indicating demand.
The CME futures chart highlighted a runaway gap that has now been confirmed, often signaling strong continuation in the dominant trend. On Bybit futures, Bitcoin followed through by closing above its long-time resistance at the POC, a decisive technical shift that suggests buyers are regaining control.
As long as the POC remains a support base, dips beneath are expected to find demand, reinforcing the bullish structure. This structural development provides a clear path for price to challenge and potentially surpass its all-time high.
What to Expect in the Coming Price Action:
Bitcoin remains highly bullish above its point of control. If support holds, momentum favors continuation toward a new all-time high, with market demand underpinning the move.
