Part 7/13:
Despite the bullish sentiment, technical models suggest that Bitcoin remains within critical resistance zones, with support levels from previous years acting as pivotal checkpoints. The earlier support at around $27,000 has flipped into resistance, and each test of the $31,400 level could determine whether Bitcoin breaks higher or faces rejection.
Historical support levels from spring 2021 ($31,500) and early 2022 ($35,000) are still relevant, with the potential to serve as rebound zones or hurdles. These layered support and resistance points craft a roadmap for future price action, indicating that a breakout above $31,400 could usher in a sustained rally toward $40,000+.