Crypto update: Momentum tested, structure speaks
Crypto started the week with strength, confidence, and clean technical wins but…
The price is now pressing into areas where trends either prove themselves or quietly fail. This is no longer about chasing momentum. It’s about reading confirmation vs. rejection.
Bitcoin (BTC)
Earlier this week, bulls scored several important technical victories:
• a breakout above the orange consolidation
• a clean break of the red downtrend line
• and a bullish island reversal, formed by the gap from January 15 combined with Monday’s upside gap
That’s strong technical work.
However, the rally stalled – again – at the key red resistance zone (94,116-95,694). This…
