Saad Ullah
Bitcoin has reached an important technical milestone while maintaining its broader structure. Analyst More Crypto Online pointed out that BTC hit the projected target around $66,170 - and critically, there is still no signal that a local top has formed, keeping the current scenario valid.
The $66,170 Bitcoin Target Was Reached
The chart shows BTC moving into a defined target zone after a steady advance. The level around $66,170 marks the first key objective, which has now been achieved. This move aligns with the outlined structure, confirming that price has followed the expected path into the highlighted zone.
BTC has hit the projected target around $66,170 - and there is still no signal that a local top has formed, keeping the current scenario valid.
No Bitcoin Top Signal Confirmed Yet
Despite reaching this target, the chart does not indicate that a local top has formed. There is no clear rejection or structural breakdown that would suggest the end of the move. Price continues to hold within the zone, leaving the current scenario intact and open for further development. Traders following the Bitcoin $66K support zone will recognize this behavior - BTC remains range-bound and lacks a decisive directional move after reaching key levels.
Price continues to hold within the zone, leaving the current scenario intact. The absence of a confirmed top keeps the outlook open - but not yet confirmed as a full continuation.
The Blue Scenario: Bitcoin Needs a 5-Wave Move
The chart outlines a blue scenario that stays valid as long as no topping signal appears. This scenario depends on continued structure rather than an immediate reversal. The key requirement here is the formation of a clear five-wave move to the upside, which would support the idea that a larger base is forming. Analysts tracking BTC's $60K-$71K consolidation range have noted similar compression behavior ahead of larger directional moves.
The conditions that define this scenario can be broken down as follows:
- No structural breakdown or clear rejection from the $66,170 zone
- Formation of a five-wave impulsive move to the upside
- Continued price consolidation without invalidating current structure
- Absence of a confirmed local top signal on the chart
A key requirement is the formation of a clear five-wave move to the upside - which would support the idea that a larger base is forming before the next directional move.
Bitcoin Structure Still Awaiting Confirmation Above $66K
At this stage, BTC remains within the defined zone without invalidating the current structure. The $66K-$70K range continues to act as a critical equilibrium area, with price often consolidating before a breakout or breakdown occurs - a pattern well-documented by those watching BTC's triangle pattern and the $72K breakout target.
For now, Bitcoin holds within its projected range. The next move depends entirely on whether the expected upward structure develops - and whether the market can finally print that five-wave confirmation traders are waiting for.
Saad Ullah
