BTC Daily – Holding Structure After the 161.8% Rejection

BTC on the daily was rejected at the 161.8% Fibonacci level but managed to form a higher high after breaking out from the double bottom green zone.

That higher high following a DB breakout gives confidence that the bullish structure remains valid and intact.

Currently, price is sitting on the BB Center, and from a system perspective, the trend remains bullish, as PSAR is active on the upside, and MLR > SMA > BB Center.

As long as BTC holds above this zone, the uptrend continues to show resilience despite short-term pullbacks.

With Q4 now underway, and macro conditions across major economies turning more favourable toward crypto, the current consolidation could act as the foundation for the next leg higher.

Bias:
Bullish: healthy consolidation after extension, structure still points upward.

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