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$BTC Monthly Chart Update
Bitcoin is currently sitting right at the lower boundary of an ascending channel that has been respected since 2017, holding through every bear market including 2018, 2020, and 2022. A monthly close above $76k confirms this support holds and opens the path to $85k, $93k, and $101k respectively. The RSI on the monthly has already turned back up and is curling higher, which historically signals strength not breakdown. Also worth noting .
And also nobody is talking about the major descending trendline from the all-time high which is currently being broken, a huge macro bullish signal. The $40k calls simply don’t respect the structure; breaking this 7-year channel would be historically unprecedented.
Monthly close is everything right now, watch this candle closely. 👀
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Sorumluluk Reddi: OKX TR Orbit içeriği yalnızca bilgilendirme amaçlı olarak sunulur. Daha Fazla Bilgi
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