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Bitcoin Holds Above Bull Market Support Band as Long-Term Trend Stays Intact

  • Bitcoin is trading above its bull market support band, indicating the strength of its long-term uptrend.
  • The current cycle for Bitcoin has been stable for spot holders, with shallow corrections and consistent upward movements.
  • The uptrend has lasted over 900 days, prompting caution despite momentum, and traders are advised to stay alert for any signs of a shift in high-timeframe structure.
  • As long as Bitcoin remains above its bull market support band, the overall trend remains bullish, but traders should monitor closely for any weakness or significant breaks below this level.

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