BTCUSD Trend continuation after a correction
2024-09-30

The recent BTCUSDT surge following CZ's release from jail could serve as a catalyst for a continued bullish move. The current market structure shows the formation of higher highs and higher closes, signaling positive momentum. After bouncing off the 53,000 support level, the price has rallied toward current resistance levels. On the daily chart, the price broke and closed above the previous resistance, suggesting a potential trend shift.

This breakout could mark the beginning of a new bullish phase. A pullback is likely, and if the price rejects the support level and holds the upward trendline, further upward movement could be expected