Bitcoin has been respecting its ascending channel all week. Yesterday, price tapped the lower boundary of the channel and immediately launched upward, breaking through the key 90,000 resistance with strong momentum. It now sits at the upper boundary of the channel, a zone where the market often pauses to decide the next move.
From here, we have two clear scenarios:
🔵 Bullish Scenario
Bitcoin gains new volatility at the top of the channel.
Strong bullish momentum pushes price toward the 94,000 target.
A clean breakout above the channel would confirm continuation.
🔴 Bearish Scenario
Bitcoin rejects the channel high and returns to 90,000 to collect liquidity.
If liquidity is swept and buyers re-enter, price resumes the overall upward trend.
BTCUSDT BTCUSD
From here, we have two clear scenarios:
🔵 Bullish Scenario
Bitcoin gains new volatility at the top of the channel.
Strong bullish momentum pushes price toward the 94,000 target.
A clean breakout above the channel would confirm continuation.
🔴 Bearish Scenario
Bitcoin rejects the channel high and returns to 90,000 to collect liquidity.
If liquidity is swept and buyers re-enter, price resumes the overall upward trend.
BTCUSDT BTCUSD 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.