BTC BTC is on the verge of breaking its bearish HTF structure. The last major high was formed around $82.8K, making this the level that needs to be reclaimed in order to fully invalidate the bearish structure. Personally, I already believe that the bear market is over and that we are transitioning into the next major cycle. However, until $82.8K gets reclaimed, we can’t say that with complete certainty from a structural perspective. This area also represents a major HTF resistance, which is why a short-term rejection before we eventually see a sustained breakout is definitely possible. Once price breaks and holds above this level on the weekly, the bearish HTF structure is officially invalidated and I would consider the new cycle confirmed.(Max Trades)