Bitcoin’s price action has moved above the long descending resistance line that had stopped previous rallies, turning the broader 4-hour structure more bullish. The breakout also came while Bitcoin continued to respect the rising support trendline that has guided the recovery since late February to April.
However, breakouts without retests are incomplete. The 4-hour chart also shows that the Bitcoin price has moved ahead of the strongest demand zone, leaving behind the $71,900 to $72,000 region as the area bears may still want to retest.
The Expansion Phase And What It RequiresThe most important part of the setup is the support region around $71,900 to $72,000. However, a retest of this range would not be a sign of weakness. It would be the price action doing precisely what it is supposed to do: return to a level of proven demand and absorb remaining sell orders, create a strong buying opportunity, and establish a foundation solid enough to support an expansion to new yearly highs.
The next major confirmation would be a daily close above the 200-day moving average, which is currently at $83,600. Bitcoin has not closed above this moving average since October 2025, making it an important level for bulls to reclaim.
