Bitcoin – Rising Higher, But the Real Battle Is Yet to Begin!

Bitcoin continues to trade inside a rising structure, respecting both its long-term support and resistance channels. The trend remains healthy as long as price holds above the 116,000–116,500 support zone, which has been tested multiple times with strong buying reactions.

Currently, BTC is approaching a major resistance confluence zone. The chart clearly shows that every previous rejection near this zone has led to profit-booking, but this time the structure looks different, buyers are more confident, and momentum is building from the base levels.

If Bitcoin manages to sustain above the minor resistance area, the road opens towards 131,500 levels and beyond. However, traders should remember, such breakouts demand patience, not prediction. The stronger hands will always think in cycles, not candles.

The psychology of the market here is simple: every pullback to the rising support attracts accumulation by smart money, while emotional traders exit too early. This phase often separates investors from speculators.

Rahul’s Tip: Don’t fear the dips. Fear missing the structure that defines the entire bull leg. If the support holds, this could be the foundation of the next major BTC wave.

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.

Analysis By TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile
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