$BTC Price Analysis: Corrective Phase and Key Levels

Bitcoin is currently in a corrective phase, having failed to surpass its previous all-time high. It's now trading within a defined channel and is approaching its lower boundary.

We expect to see buying interest emerge in this area, likely leading to a bullish reaction.

Should Bitcoin successfully break through the channel's resistance and a significant supply zone, it could initiate a strong upward movement, potentially leading it to new all-time highs.

Key Observation:

Price action around the channel support and demand zone will be crucial. A successful rebound from this region could signal the start of Bitcoin next bullish leg.

The biggest question remains: Will Bitcoin hold the channel and move higher, or is a deeper correction imminent?💬