BTC and IBIT Blackrock ETF prices are pushing higher!Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game.
But I also think we're hitting the upper range of this trend channel and likely due for a pullback.
The Total Market Cap has a strong resistance area around $1.75T
My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure).
What are your thoughts?