BTC's price has gone up sharply after breaking out of a pattern called a "falling wedge." It’s now trading above an important price zone, which used to act as resistance (a ceiling) and may now act as support (a floor).
The Ichimoku Cloud – a tool traders use to spot trends – is showing support under the price, which means the upward trend might continue.
There could be a small drop in $BTC’s price to retest the support level. If that level holds, it could confirm that $BTC is ready to move even higher.
Keep an eye on how the price behaves to see what’s coming next.