BTCUSDT Bullish Continuation Toward 82K Within Ascending Channel

May 5

Hello traders! Here is my technical outlook based on the current BTCUSDT (4H) chart structure. Bitcoin previously traded under a descending resistance line. After the breakout, price established an ascending channel with higher lows, confirming growing bullish momentum. Currently, price is trading above the 78,900 buyer zone, which acts as strong support, while approaching the 81,300–82,000 resistance area (seller zone). A recent breakout from the range and continuation within the ascending channel indicate sustained buying strength. As long as BTCUSDT holds above the 78,900 support and respects the ascending channel, the bullish scenario remains valid. A continuation from this structure could push price toward the 82,000 resistance (TP1). Please share this idea with your friends and click Boost 🚀

May 6

Trade closed: target reached

We see that we have reached the 82K mark even without the correction to support that I expected to see. Target achieved.