Bitcoin has shown resilience by bouncing off a key trendline, which has strengthened trader confidence in further price increases.
Bitcoin Defends Critical Support Zone
Bitcoin (BTC) has shown resilience by bouncing off a major trendline, which also aligns with previous horizontal resistance. This confluence of support zones has reinforced bullish confidence, with many traders now looking for price targets.
Why This Trendline Bounce Matters
In technical analysis, when resistance flips into support, it’s often seen as a bullish signal. In Bitcoin’s case, this zone acted as a launchpad in recent days, preventing further downside and sparking new buying interest.
What’s Next for Bitcoin?
All eyes are now on Bitcoin’s ability to maintain this bounce and break above key resistance levels. Market sentiment remains cautiously optimistic, especially with easing macroeconomic uncertainty and increasing crypto market inflows.
The defense of these zones confirms that bulls are still protecting major levels, which is necessary for any sustainable rally.
