**Bitcoin Daily Chart Analysis: Potential Pullback Ahead**

Bitcoin’s daily chart shows a strong bullish trend after breaking out of a descending channel, now trading within a new ascending channel. The price is currently above both the 100-day and 200-day SMAs, indicating solid upward momentum. However, Bitcoin is nearing the upper boundary of this channel, suggesting a potential pullback could be on the horizon. Key support levels to watch are the 100-day SMA and the channel's lower boundary. If these hold, Bitcoin could resume its uptrend. A breakout above the upper channel line, however, might signal a new rally. Stay tuned to see if Bitcoin holds these crucial levels!

Upper Boundary of Ascending Channel: This is the immediate resistance, as Bitcoin is approaching the top of the channel. A breakout above this could signal continued bullish momentum.
Psychological Level at $80,000: If Bitcoin breaks above the channel, $80,000 is a key psychological resistance level to watch.

Chart PatternsHarmonic PatternsTrend Analysis

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