Bitcoin's Macro View: The Next Major Resistance Zone
Analysis of the Daily Chart
This is the daily (1D) chart for Bitcoin (BTC/USDT), which shows the "big picture" trend over many months.
1. The Significance of the Breakout
You are correct to highlight the breakout. After consolidating for months and forming a solid base since April 2025, Bitcoin has now decisively broken out to new highs for the year. This is a very strong bullish signal on a macro scale, indicating that the long-term uptrend is accelerating.
2. The Immediate Resistance: The Green Zone ($128,000 - $132,000)
After such a powerful move, the next major obstacle is the area marked by the green box on your chart.
What is this zone? This area, approximately between $128,000 and $132,000, represents a major historical resistance or supply zone.
Why is it important? This is likely a price level where significant selling occurred in the past. As the price returns to this zone:
Traders who bought at the previous top may look to sell to get their money back ("break-even selling").
Bulls who have been riding the trend up from the lows may see this as a logical area to take profits.
New sellers may view it as an opportune level to open short positions.
What to Expect
When the price enters this key zone, we can expect a significant reaction. It is the next major battleground between buyers and sellers. Watch for:
A slowdown in the upward momentum.
A period of consolidation or sideways price action.
A potential rejection or a significant pullback from this area.
A clean and powerful break above this $128k - $132k zone would be an exceptionally bullish event, signaling a high probability of continuation towards new all-time highs.
source https://www.tradingview.com/chart/BTCUSDT/P8ffwV0R-Bitcoin-s-Macro-View-The-Next-Major-Resistance-Zone/
source https://www.cryptomadden.com/2025/07/bitcoins-macro-view-next-major.html
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