Good afternoon!

We are at a very important point for Bitcoin within this bullish channel structure.

As I showed previously, this channel would need to hold Bitcoin to return to new highs.

The figure shows that Bitcoin is testing the lower line of the channel after a sequence of previous touches that held the price.

This line has acted as a relevant support for the market in recent months, and now it is being put to the test again.

What is noteworthy is that we are exactly at the edge of this channel, and the loss of this region may indicate a structural break, bringing a scenario of greater correction in the short term, eventually to the 20-week average that we are following.