Welcome to this quick update, everyone. BTC broke out of the little channel in the 4-hour chart. After an unexpected dump to 50.5k level, it's breaking every single resistance. Currently, the only issue it is facing is it's taking more time for the price to move. The longer the time higher will be the price target but we need to break and get back into the Channel.
In the short term, BTC needs to break the 58k level and close above it.
Stay tuned I will keep this chart updated as always!