BTC continues to trade within a well-structured ascending channel on the 1-hour timeframe, maintaining a strong bullish bias. Price action has consistently respected both the upper and lower bounds of the channel, indicating sustained upward momentum.
Currently, Bitcoin is consolidating around $94,200. A minor retracement toward the channel’s midline (~$92,000–$93,000) could occur in the short term, providing a potential buying opportunity. As long as the price remains above the key support level at $90,000, the bullish structure is expected to remain intact.
The projection points to a continuation of the uptrend, with potential targets between $98,000 and $102,000 over the coming week.
Key Levels to Watch:
• Support: $93,000, $90,000
• Resistance: $98,000, $102,000
Trading Bias: Bullish, while above $90,000 support.
Traders should monitor volume spikes and bullish price action at support levels for confirmation of the next upward move.