Bitcoin in Ascending Channel - Bulls Target Higher Highs

Apr 14

Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTC previously moved inside a descending channel, forming lower highs. After reaching a bottom, price reversed and entered a consolidation range, signaling accumulation before the next move. Following this, BTC broke out from the range and shifted into an ascending channel, confirming bullish momentum. Currently, price is holding above the 73,400 buyer zone and approaching the 75,600 resistance (seller zone), which aligns with a rising resistance line. As long as BTCUSDT holds above the 73,400 support and respects the ascending channel, the bullish bias remains valid. A breakout above the 75,600 resistance could trigger continuation toward higher levels (TP1). Please share this idea with your friends and click Boost 🚀

Apr 15

Trade closed: target reached

As I expected, the price reached the level of the previous test where sellers had already stepped in. So congratulations on getting the target!