Bitcoin – Rising Structure Still Intact, Bulls Aren’t Done Yet

Bitcoin (BTCUSD) continues to respect its rising structure, even after a sharp pullback from the resistance zone near 125K. While short-term traders might see this as weakness, price action tells a different story, the overall structure is still intact and favors the bulls.

Notice how BTC once again bounced from the ascending trendline support, confirming that institutional buyers are still active around these zones. The recent rejection was from a well-defined major resistance area, but as long as Bitcoin holds above the rising support band, the bias remains positive.

A breakout above 125K will open the doors for another impulsive leg toward 130K+ levels. On the downside, any sustained drop below 107K could temporarily shift momentum, but so far, there’s no structural damage visible.

Analysis By TraderRahulPal (TradingView Moderator)
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Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.