After February’s strong consolidation wedge cracked, Bitcoin price rebounded, carving a fresh ascending channel that sits snug on wedge support above 100 k. Each mini‑consolidation has resolved higher, and the current leg projects into the 112‑115 k new‑ATH rail drawn on the chart. Pullbacks toward 100‑102 k are structurally healthy so long as the lower trend‑line stays intact, keeping the broader BTC breakout narrative alive.
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After two neat consolidation boxes resolved higher, bitcoin price hugs the mid-line of an ascending channel that has guided every impulse since late April. Support near 102 k coincides with the inner trend-line; holding that shelf keeps the rally script intact, with the upper rail and 108-110 k objective still pencilled in by the projected path. Only a clean break below the channel base would dull the breakout rhythm.
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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.