Analyst’s 90-91k Long Setup Pays Off as Bitcoin Surges 4.48%

• Bitcoin’s strong bounce from the 90k level indicates a promising upward trend and confirms bullish market sentiment.
• Analyst Doctor Profit’s long setup near 90-91k proves accurate as Bitcoin surges by 4.48% after hitting key support.
• The demand zone’s role in reversing Bitcoin’s price showcases strong buyer control and a favorable risk-to-reward setup.

Bitcoin’s price recently saw a bounce from a key demand zone, confirming a bullish market shift. Analyst Doctor Profit had earlier identified the 90-91k price range as a strong long region, which proved to be accurate. Those who took advantage of the setup are now well-positioned for the next upward move. Bitcoin surged by 4.48%, adding more than 4,000 points after bouncing from the 90k level.

Market Conditions Signal Strong Buying Momentum

The data Bitcoin’s price is moving against the U.S. Dollar in a 15-minute timeframe. Initially, the market exhibited a downward trend before reaching the critical support zone of around 90k. At this level, a long position was triggered, anticipating an upward price reversal. Once the price hit this zone, Bitcoin quickly reversed course, moving higher with strong buying momentum.

Bitcoin’s price rallied from a low of 94,596.78 to a high of 95,519.32. The green candles indicate a surge in buying activity, pushing the price higher. At the time of the capture, the price stood at 95,441.42, reflecting a gain of 732.97 points. The volume bars show increased trading activity, signaling heightened interest in the market.

Demand Zone Proves Crucial for Price Reversal

The demand zone played a role in reversing the bearish trend. Bitcoin’s price briefly dipped below the support level before bouncing back strongly, indicating that liquidity had been captured before a bullish push. The price action shows that buyers are firmly in control, pushing the price towards higher levels. The series of green candles following the bounce further reinforces the strength of the bullish momentum.

Moreover, the breakout above consolidation signals a continuation of the upward trend. The strong price movement from the demand zone confirms a favorable risk-to-reward ratio for those who entered the market. The market’s technical structure shows a classic reversal pattern, where a strong support zone triggers a price surge.