$BTC
▫️ Technical Analysis: Bullish Channel Pattern on Weekly Frame
▫️ As shown in the image, the BTC/USDT pair has been moving within a clear bullish channel since the beginning of 2024. Currently, we are witnessing a bounce from a strong support area (BREAKER BLOCK), with the potential for continued movement within the channel towards higher levels.
▫️ According to the pattern, the price could target areas exceeding $125,000 if it continues to respect the bullish channel. The likely scenario indicates a gradual rise interspersed with healthy corrections before completing the upward path.
We are now at a pivotal point... will the channel hold?
