The 15-minute chart for Bitcoin (BTC/USD) suggests a potential bullish breakout from a descending channel. After a strong impulsive move up marked by a **Break of Structure (BOS)**, price entered a corrective phase within the channel. A **Change of Character (CHoCH)** at the bottom hints at a shift in momentum, and the recent bullish candles indicate an attempt to break above the upper trendline. The projected path shows a possible retest of the breakout level followed by a continuation towards the **supply zone** near 112,860. This setup signals a likely end to the retracement and the beginning of a new bullish leg.
BTCUSD
BTCUSD 
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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.