Bitcoin is still trading within a long-term ascending channel. After a mild pullback to the FVG zone around 112,100 USDT, the price rebounded and is now consolidating above the ascending trendline support. If this level holds, BTC is likely to continue toward the upper channel target at 122,500 USDT.
Recent news supporting the uptrend:
Fidelity and BlackRock have continued accumulating Bitcoin-related ETF shares.
Weak US jobs data has fueled expectations of a Fed rate cut, drawing capital back into crypto.
Ethereum's upcoming hard fork upgrade is boosting overall market sentiment.
With both technical structure and fundamentals aligned, BTC remains bullish as long as it stays above 112,100.
Recent news supporting the uptrend:
Fidelity and BlackRock have continued accumulating Bitcoin-related ETF shares.
Weak US jobs data has fueled expectations of a Fed rate cut, drawing capital back into crypto.
Ethereum's upcoming hard fork upgrade is boosting overall market sentiment.
With both technical structure and fundamentals aligned, BTC remains bullish as long as it stays above 112,100.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
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📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.