BTC/USD Bullish Channel Continuation | Targeting 68,528 Resistan

Jun 16

BTC/USD is trading within a well-defined ascending channel after rebounding strongly from the major support zone around 59,000. The price recently broke above a consolidation range and continues to respect the bullish channel structure, indicating sustained buying momentum.

After a brief pullback from local highs, Bitcoin is attempting to resume its upward move from channel support. If buyers maintain control and price remains above the rising trendline, the next upside target is located at **68,528**, which aligns with a key resistance area highlighted on the chart.

**Target:** 🎯 **68,528**

**Bullish Scenario:**

* Holding above channel support keeps the uptrend intact.
* A breakout above recent swing highs could accelerate momentum toward **68,528**.
* Continued higher highs and higher lows would confirm bullish continuation.

**Support Zone:**
🟢 **59,200 – 59,600**

**Trading View:**
The overall market structure remains bullish while price stays within the ascending channel. Traders may watch for confirmation above recent highs as a signal for a potential move toward the stated target.

Jun 16

Trade active

active