Bitcoin is once again testing a critical level that 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 revisiting a key zone that previously acted as resistance before being broken. That same level is now functioning as support, marking a classic support/resistance flip. 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. 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 pattern visible 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 zone holding 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 area based 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 range seen 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. 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 zone and 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.

Read full article on NEWS BTC