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Been watching Bitcoin bounce around this key zone again, and honestly the structure looks pretty clean. There's this support level that used to act as resistance, now it's flipped - classic move. Buyers are stepping in to defend it, which is a good sign the uptrend isn't broken yet.
What caught my eye is that inverse head and shoulders pattern on the weekly. That neckline aligns perfectly with where we're testing right now. Bitcoin pulled back after the breakout, but the way it's holding this level suggests accumulation rather than panic selling. The price action looks controlled, like smart money gradually building positions.
So if this support holds - and it seems like it is - we've got some interesting targets to watch. First stop would be around $95K for near-term resistance. Then $125K if momentum keeps building. The bigger picture targets are $150K as a structural milestone, and $200K as the full projection from this inverse head and shoulders setup.
Right now Bitcoin price is sitting around $78.28K, and as long as buyers keep defending this retested zone, the bullish case stays intact. No breakdown in the structure yet, so the path to those higher levels is still open. Worth monitoring how this plays out over the next few days.