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BTC/USD – Bullish Setup in Play | Breakout or Pullback Next?

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Bitcoin is currently showing a strong bullish structure within an ascending channel after confirming a double bottom formation near the $81,000 zone Let’s break down the key technical highlights from this 1H chart
Double Bottom Reversal We saw a clear double bottom pattern around $81K signaling a potential trend reversal The neckline break and successful retest further validated bullish momentum
Trendline Breakout After breaking above the descending trendline resistance BTC has steadily climbed within an ascending channel. This structure suggests growing buyer strength.
Consolidation Zone Currently BTC is ranging in a consolidation zone between ~$84,762 and ~$85,600 A breakout from this range could spark the next big move
Bullish Scenarios to Watch
If BTC holds the lower channel support and breaks above the local resistance ($85,544) we could see a move toward the key resistance around $88,600
Dagangan aktif
110pips runn
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Dagangan ditutup: sasaran tercapai
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