Bitcoin
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Major Flag Breakout Meets Multi-Year Resistance – What’s Next?

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After breaking out of the large flag pattern that had been forming on the daily chart, Bitcoin pushed upward with conviction — fueled by a clean 4-hour impulse move. This move carried price directly into a major resistance zone that has held for the past 7–8 years.

I was initially skeptical of a full continuation here, given the historic strength of this zone. But observing how price behaved — especially the smooth structural advance, EMA alignment, and volume absorption — I’ve revised my bias.

We’ve seen liquidity swept from the downside, and price continues to find support in every micro-dip. Given the compression and resilience at these levels, I now expect the market to push further.

Key zone to watch: If we reclaim the midrange after this consolidation, a clean extension beyond the resistance becomes increasingly likely.

Caution: This is not a blind long — entries must be placed with discipline, especially as we test macro resistance.

#BTC #PriceAction #TradingView #CryptoAnalysis #Breakout

Feragatname

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