BTC Tests Important Technical Zone: Will It Sustain the Momentum?

BTC Daily

Bank Orders

We have sell orders slightly above the current levels.

BTC 4h

Technical Picture:

• Unconfirmed breakout above the upper trendline
• DeMarker exits oversold on the Daily timeframe
• DeMarker enters overbought on the 4-hour chart
• Sequential begins an upward count
• Bullish Marubozu bar, signaling positive sentiment
• Attempt to trigger wedge formation

Market Profile

The market profile shows three consecutive increases in the Point of Control (PoC), indicating a rising fair value.
The last two profiles are P-shaped, meaning TPOs are concentrated toward the top – suggesting acceptance of higher prices.
Volumes are also higher around the current levels.

Fundamentals

Overlaid in the chart above is SPX versus BTC. We see they are moving in strong correlation, except during the announcement of tariffs by President Trump.

This shows Bitcoin’s resilience and a lack of interest in aggressive sell-offs. This may be due to the uncertainty around future corporate earnings during times of trade instability.

Unlike stocks, Bitcoin continues to serve its clear roles – a store of value and a medium of exchange.

In Conclusion:

I expect a breakout of the wedge formation and a potential test of resistance in the $90,000 zone.
If that level is broken, we could easily expect a test of the all-time highs.

Alternatively:

We shouldn’t forget the sell orders just above the breakout zone.
If the breakout turns out to be false, I expect the price to retest the lows around $75,000.