Bitcoin (BTCUSD) Surges Higher Confirming Bullish Continuation Above Key Zone

BTCUSD surges higher, confirming bullish continuation above the key zone of $95,980. Price action further confirms the bullish sentiment. A clear Change of Character (CHoCH) occurred after breaking the previous structure around $85,010, which marked a shift from bearish to bullish market structure. Following this, price formed a bullish Order Block (OB) just above the $95,970 region, which was retested as support before the rally resumed. A strong bullish candle has now closed above the psychological $100,000 level, further validating this zone as a support-turned-demand area. The break above this level, especially with such impulsiveness, strengthens the bullish structure as previous resistance is now being respected as support.

Projection-wise, if bulls maintain control above the $100,000 zone and price holds above the $95,970–$96,440 OB, BTCUSD is likely to target the next significant resistance around $108,390. A break above this resistance could open the door for a further rally toward the $115,000 zone. However, if a retracement occurs, the price may revisit the OB zone for another bullish reaction. Overall, with a strong structure, bullish indicators, and a confirmed breakout, BTCUSD shows potential for continued upside in the near term.

BTC Key Levels

Supply Levels: $100,000, $108,390, 115,000
Demand Levels: $95,980, $85,010, $74,420

What are the indicators saying?

The BTCUSD daily chart shows a bullish bias supported by key indicators. The 9-day Simple Moving Average (SMA) is sloping upward and currently sits around $96,440, reinforcing upward momentum. Price is trading above this SMA, indicating that the bulls are firmly in control.

The Stochastic Oscillator (14, 3, 3) is in the overbought region, with values above 88, suggesting strong bullish momentum. These indicators collectively reflect an environment where upward continuation remains likely unless a major reversal signal appears.

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