the Its latest bitcoin movement The bulls are back in control of the short-term chart, but the setup is not as clear as a clean breakout to higher prices. The 4-hour structure is shown building momentum, Trend line support continues, buyers push higher.
However, the path to much greater expansion still appears to be the case You have one incomplete step. The technical chart suggests that Bitcoin may need to revisit an important area before the next major move to at least $97,000 properly develops.
The Bitcoin hack leaves one important level behind
Technical analysis of Bitcoin price movement on 4-hour candlestick chart Posted on TradingView shows that the leading cryptocurrency is already doing the hard part of the setup.
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Bitcoin price action has moved above the long descending resistance line that halted the previous rises, turning the broader structure on the 4-hour frame to the upside. The breakout also came as Bitcoin continued to respect the ascending support trend line that led the recovery from late February into April.
However, breakouts without retesting are incomplete. The 4-hour chart also shows that Bitcoin price has advanced above the stronger demand zone, leaving behind the $71,900 to $72,000 area where the bears may still want to retest.
Bitcoin price chart. Source: Trading View
The expansion phase and what it requires
The most important part of the setup is the support area around $71,900 to $72,000. However, retesting this range would not be a sign of weakness. The price action will be doing exactly what it is supposed to do: returning to the confirmed demand level and absorbing the remaining sell orders, creating a strong buying opportunity, and creating a foundation solid enough to support expansion to new yearly highs.
When talking about rising to new yearly highs, the target price suggested by this analysis is to rise to at least $97,400. This means that the bullish setup has some room to breathe, But not unlimited room.
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there The invalidation level sits at $67,500. A breakdown below $67,500 would weaken the argument that Bitcoin is only retesting before expanding. Instead, it means that the breakout has failed and sellers have regained control of the short-term structure.
The broader market backdrop helps the bullish case. Bitcoin’s recovery coincided with… Big order through US Bitcoin ETFs, which saw inflows of $630 million on May 1.
Bitcoin briefly Break above $80,000 Over the weekend, but the move failed to hold as the price reversed before the daily close. A daily close above $80,000 could be the first signal of a broader upside expansion.
The next major confirmation will be a daily close above the 200-day moving average, which currently stands at $83,600. Bitcoin has not closed above this moving average since October 2025, making it an important level for the bulls to reclaim.
Featured image created with Dall.E, chart from Tradingview.com
