Post:
🚀 BTC Update: Bullish Momentum Continues! 🔥
Hello everyone!
The 4-hour BTC/USDT chart shows Bitcoin moving strongly within an ascending channel, indicating a bullish trend! 📈 With price respect for both the upper and lower trendlines, Bitcoin could be setting up for more upside.
Here’s a closer look:
🔹 Ascending Channel: Bitcoin is creating higher highs and higher lows, suggesting a bullish continuation unless a breakdown occurs.
🔹 Potential Scenarios:
📈 Scenario 1: BTC might rise to the next resistance at $76,000, and potentially aim for $79,978.
📉 Scenario 2: A pullback to the midline or lower channel support could offer new entry points.
🔹 Fibonacci Levels: Price respects key Fibonacci retracement zones, marking areas for support and resistance!
Key Levels to Watch:
Support: Around $72,000 (mid-channel).
Resistance: Immediate target at $76,000 and a stretch goal near $79,978!
Stay tuned and manage your trades wisely! #Bitcoin #BTC #CryptoTrading #Bullish
