Bitcoin targets $97,000 after $72,000 support retest

Bitcoin breaks the 4h downtrend and holds the rising support. Bulls control the short-term structure.

The move came above a long descending line. Structure turned more bullish on the 4h chart per TradingView analysis. First mention: Bitcoin.

But no clean retest yet. Price left the $71,900–$72,000 demand untested per the same setup.

Bitcoin price chart. Source: TradingView

Base path: retest $71.9k–$72k. Then expansion toward at least $97,400 per the target shown.

Invalidation sits at $67,500. A break below signals failed breakout per NewsBTC.

Flows support the bounce. US spot BTC ETFs saw $630M inflows on May 1 per NewsBTC.

Price briefly topped $80,000. A daily close above $80,000 would be the first expansion signal per NewsBTC.

Major confirmation sits at the 200DMA. It’s near $83,600, last reclaimed in Oct 2025 per Bitcoin Magazine Pro.

Headline: Bitcoin breaks 4h downtrend; retest $71.9k eyed, target $97.4k, risk $67.5k