💰 #BTC is moving in an upward trend

Bitcoin shows steady growth in the medium term. Let's analyze the causes and conditions of this movement.

In the 4 and 6-hour time frames, the coin is moving within an ascending price channel 📈. This channel is oriented upwards at a fairly steep angle.

This type of channel is very typical during recovery periods of the first cryptocurrency. If you check the same time frames between August and November 2024, you will see a similar formation.

For growth to continue, the price still needs to advance within this formation. It is necessary for a strong momentum to begin.

Many ask me about a possible negative scenario 📉. This could occur if the lower limit of the channel is broken laterally and the price enters consolidation above the mirror level of ~$106,000. It is not a certainty that this will happen, but it would be the first and most basic condition for a correction.

In summary, for now there are no clear signs of a medium-term trend change. Growth remains the priority 🔼.

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