BTC/USD Bullish Channel Breakout Setup
Price on Bitcoin / USD is moving inside a clear ascending channel, showing steady bullish momentum after the recent recovery from the lows.
🔍 Technical View:
Price respected the lower trendline support multiple times, confirming buyers are defending the trend.
The market is now testing the upper boundary of the channel around 69,900.
A bullish breakout above 69,900 – 70,000 could trigger the next impulsive move upward.
The highlighted zone around 68,500 acts as intraday support, where buyers previously stepped in.
📈 Bullish Scenario:
If price holds above 68,500 and breaks the channel resistance,
Momentum could push BTC toward the 69,900 – 70,000 target zone.
⚠️ Risk Scenario:
A break below 68,500 may lead to a pullback toward the lower channel support before continuation.
🎯 Key Levels
Support: 68,500
Resistance: 69,900
Target: 69,900 – 70,000
Price on Bitcoin / USD is moving inside a clear ascending channel, showing steady bullish momentum after the recent recovery from the lows.
🔍 Technical View:
Price respected the lower trendline support multiple times, confirming buyers are defending the trend.
The market is now testing the upper boundary of the channel around 69,900.
A bullish breakout above 69,900 – 70,000 could trigger the next impulsive move upward.
The highlighted zone around 68,500 acts as intraday support, where buyers previously stepped in.
📈 Bullish Scenario:
If price holds above 68,500 and breaks the channel resistance,
Momentum could push BTC toward the 69,900 – 70,000 target zone.
⚠️ Risk Scenario:
A break below 68,500 may lead to a pullback toward the lower channel support before continuation.
🎯 Key Levels
Support: 68,500
Resistance: 69,900
Target: 69,900 – 70,000
JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde
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.
JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde
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.