Breaking of the new ceiling is not yet confirmed

Bitcoin continued its upward trend yesterday by ending the range trend and announcing the interest rate with an increase of 0.25%. While this amount of increase was the same as the prediction of most market participants, the market moved up again. Keeping the support of the bottom of the channel and the $23,000 range, Bitcoin has formed a new ceiling again in the 4-hour timeframe. But the breaking of the new ceiling is not yet confirmed, and its confirmation is if the first support range at $23,647 - $23,402 is maintained. Overall, as long as the last floor is held in the $22,500 range, we can still expect bullish moves. But it should be done with due caution. Only in the case of the formation of return patterns in this support range, we can expect the continuation of the upward movement of Bitcoin.

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