Bitcoin (BTCUSD) has recently broken higher within an ascending channel, indicating a strong bullish trend. The price continues to respect the channel's structure, forming consistent higher highs and higher lows — a classic sign of trend continuation.
The breakout suggests the potential for a move toward the $106,000 level, provided current support levels hold. Traders are advised to watch for confirmation signals such as bullish candlesticks, bounce from support zones, and increasing volume to consider long positions.
This setup reflects growing momentum and market optimism, positioning Bitcoin for a possible extended rally.
The breakout suggests the potential for a move toward the $106,000 level, provided current support levels hold. Traders are advised to watch for confirmation signals such as bullish candlesticks, bounce from support zones, and increasing volume to consider long positions.
This setup reflects growing momentum and market optimism, positioning Bitcoin for a possible extended rally.
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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.