BTCUSD-Can Buyers Push Price to 130,000 USD?Currently, BTCUSD is a typical case of a market trading within an ascending channel, with price action consistently respecting both its upper and lower boundaries.
Price has broken through a key resistance area and may now return to retest this zone as support. This area also coincides with the coin cluster from the recent volatility, and therefore, it deserves particular attention. If this support zone holds, I believe it will reinforce the current bullish structure and open up the possibility of moving toward the 130,000 USD level, which aligns with the upper boundary of the ascending channel. This is a reasonable target based on current price action and market structure.
As long as price holds above this support zone, I maintain a positive outlook. However, if price breaks below, the bullish scenario will no longer be valid, and the risk of a pullback toward the lower boundary of the channel will increase.
