Bitcoin has finally broken out of its bearish market structure, marking the first significant shift since the all-time high. However, price is now approaching major resistance at $94,259, which could act as a turning point.
Key Points:
– Structure has shifted bullish, but $94,259 remains a key resistance with confluence.
– A retracement to $81,850 could form a higher low if this level fails to break.
If Bitcoin can’t break above $94,259 convincingly, a rotation back toward $81,850 is likely — a region where a higher low could form. As long as that level holds, the bullish structure remains valid. Traders should watch for volume to confirm any breakout continuation.