BTCUSD is trading within an ascending channel, signaling bullish momentum. The price has consistently respected the channel boundaries, forming higher highs and higher lows, which aligns with the continuation of the uptrend.After consolidating within a tight range for several days,
BTCUSD has broken out with strong momentum. The price may now be pulling back for a retest of the previous resistance zone. If buyers step in and confirm this area as support, a move toward the channel’s upper boundary around $94,000 becomes likely.Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong rejection wicks from the support zone, or increased buying volume, before considering long positions.
Trade active
Trade closed: target reached
Take Profit Reached
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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.