Everyone is watching this tight consolidation inside the ascending channel on $BTC , but missing the trend continuation setup forming off demand support.
After breaking out of the bottom descending channel and consolidating inside the intermediate range around $65,000 , price aggressively expanded toward the $79,500 zone. The current price action is respecting lower channel demand near $78,600 , holding firmly above key dynamic support.
A successful bounce off the channel demand line sets up the next leg higher, targeting a clean retest of overhead supply near $81,400 . Maintaining this channel structure keeps the broader bullish momentum fully intact.
Don't panic on local pullbacks position where lower-timeframe support aligns with channel continuation.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis
After breaking out of the bottom descending channel and consolidating inside the intermediate range around $65,000 , price aggressively expanded toward the $79,500 zone. The current price action is respecting lower channel demand near $78,600 , holding firmly above key dynamic support.
A successful bounce off the channel demand line sets up the next leg higher, targeting a clean retest of overhead supply near $81,400 . Maintaining this channel structure keeps the broader bullish momentum fully intact.
Don't panic on local pullbacks position where lower-timeframe support aligns with channel continuation.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis
