BTCUSDTHello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin has entered a healthy corrective phase after hitting the upper boundary of its ascending channel. Price is now approaching a key demand zone, which could offer strong support for the next leg higher within the broader bullish trend.
As long as Bitcoin holds this zone, the bullish structure remains intact, and a rebound could target the channel top near $140,000
If Bitcoin breaks below the support zone and closes under the trendline, this would invalidate the current bullish setup, potentially leading to a deeper correction toward lower levels.
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