Bitcoin Close Above Key Level Could End Bear Case — Double Top or Bull Breakout Ahead

The crypto market is watching closely to see if BTC can close a weekly candle above this level, which could potentially confirm a massive bullish breakout.

According to the chart, Bitcoin is approaching this resistance for the second time in recent months, creating the potential for one of two major scenarios:

A double top, which would suggest a bearish reversal. A massive bullish continuation, signaling the next leg of the bull run.

MMCrypto emphasized the significance of this move, declaring: “Game over for bears” if Bitcoin successfully closes above the yellow resistance line on the weekly chart.

The coming days are pivotal. If bulls gain control and secure a weekly close above this key level, it could trigger significant upside momentum and invalidate bearish setups. Conversely, failure to break through might reinforce resistance and open the door for a retracement.

As MMCrypto put it: “It all depends on this one move.”

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