$BTC Could Be About to Break Recent All-Time Highs 🔥
The WEEKLY CHART of $BTCUSDT reveals that the supply zone around $109K has been cleared, leaving the path open for a move within the bullish channel 📈
Is #BTC ready for another explosive phase? 🚀
👉 The technical structure remains impeccably bullish: after marking a new high (HH) and pulling back to a higher low (HL), #BTC has respected the trend line and resumed its upward march 🆙
The prior compression served as a base for this new impulse 📊
Despite the strong rebound, the volume remains relatively low 📉 which could indicate some weakness or lack of conviction in this movement.
However, the price remains firm above the dynamic support, and the ascending channel clearly guides the overall direction 📈