Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is once again testing a critical levelthat could shape its next major move. With price action returning to a previously contested support and resistance zone, attention is now shifting toward a defined set of upside targets that could come into play if the level continues to hold. Bitcoin’s S/R Zone Retest Signals Strength In Market Structure
According to market technician Johnathan Carter, Bitcoin’s weekly chart is currently revisitinga key zone that previously acted as resistance before being broken. That same level is now functioning as support, marking a classic support/resistance flip. Related Reading Where Is Bitcoin Price Headed Next? This Level Will Decide Everything 4 days ago
The chart he posted shows that Bitcoin’s price has pulled back into this zone after a strong upward expansion, with buyers stepping in to defend it.This reaction is not occurring randomly. The highlighted region, positioned around the mid-$60,000 range, aligns with a former breakout area, reinforcing its technical importance. Source: X
The analyst’s observation centers on the idea that this retest is a structural confirmation. The ability of bulls to maintain price above this level suggests that the breakout remains valid and that the broader upward trend is intact.
Further supporting this outlook is the large inverse head and shoulders patternvisible on the weekly timeframe. This formation reflects a transition from bearish to bullish control.
The neckline of this pattern coincides closely with the current S/R zone, making the ongoing retest even more significant. After breaking above this neckline, Bitcoin advanced sharply before pulling back to retest it. The chart also illustrates a rounded retest structure, indicating a controlled pullback. This type of price action often points to accumulation, where buyers gradually regain control without allowing the price to break lower. Four Key Price Targets Come Into Focus
With the support zoneholding and the retest developing constructively, attention shifts to the next potential price objectives outlined by the analyst. The first level to monitor is $95,000, which represents a near-term resistance areabased on recent price structure. A move into this region would confirm continuation from the current base.
Beyond that, $125,000 stands as the next target, aligning with a previous consolidation rangeseen during Bitcoin’s earlier rally phase. Clearing this level would signal sustained bullish momentum. The third target is $150,000, a psychological and structural milestone that reflects an extension of the current trend. At this stage, market participation typically increases as momentum builds. Related Reading XRP Trend Exhaustion Says Price Is About To Jump, Here’s The Target 5 days ago
Finally, the long-term objective sits at $200,000. This level represents a full realization of the projected move following the inverse head and shoulders breakout, as illustrated by the trajectory on the chart.
The current price behavior suggests that the market is in the process of confirming the breakout. With buyers actively defending the retested zoneand no clear breakdown in structure, the bullish framework remains in place. As long as this support holds, the path toward higher levels remains open, keeping all four targets—$95,000, $125,000, $150,000, and $200,000—firmly in focus. BTC struggles to hold $68,000 support | Source:BTCUSD on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com