$BTC

BTCUSD

is trading within an ascending channel, signaling bullish momentum. The price has consistently respected the channel boundaries, forming higher highs and higher lows, which aligns with the continuation of the uptrend.

Recently, the price has broken out with strong momentum and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.

If buyers confirm support at this level, the price is likely to move upward toward the $106,000 level, which aligns with the upper boundary of the ascending channel. Conversely, a failure to hold support could signal a potential bearish shift. $BTC