BTC price has stair-stepped out of March’s strong consolidation triangle and is now travelling inside a neat rising channel. Each mini flag has resolved higher, with the latest squeeze holding the mid-line near 102 k. As long as that trend-line underbelly and the diagonal support from April lows remain intact, bulls retain control and can probe the 108-110 k supply zone highlighted on the chart. Only a daily close back inside the lower rail would threaten the current bullish momentum.Trade active
BTC price has respected the rising channel born in late April: every boxed consolidation morphs into a higher leg. After the latest pennant near 106 k, candles slid to the channel mid-line (~103 k) and the inner trend from 7 May. While that dual support holds, the roadmap still sketches a swing toward the 108-110 k upper rail. Only a daily close beneath 101 k would damp the bullish rhythm and expose the wider 97 k floor. 📈
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.