BTCUSD – New rally suggests the correction from the recent all-time high may be complete

Bitcoin surged to its highest level since early March on Wednesday, marking a strong three-day rally that signals a potential continuation of the recovery from the 2025 low at 74,389.

The fresh bullish momentum followed a brief period of consolidation and points to a resumption of the uptrend. The technical outlook on the daily chart has turned decisively bullish, with the latest gains breaking through the descending daily Ichimoku cloud (spanning 85,574 to 88,383) and reclaiming the key psychological 90K level. This move retraces more than 50% of the correction from the all-time high of 109,582 to the 74,389 low.

Buyers are now challenging the former double-top resistance at 95,022 / 94,875 and eyeing the 61.8% Fibonacci retracement level at 96,138. However, the rally may pause near these levels, as overbought daily indicators and waning bullish momentum suggest the possibility of a short-term pullback.

Key support levels are seen at 91,986 (broken 50% Fib retracement) and 90,926 (100-day moving average), with deeper dips expected to find strong demand above the 90K mark—keeping the bullish structure intact.

Res: 94543; 95022; 96138; 96825
Sup: 92809; 91986; 90926; 90000