Bitcoin( BTCUSDT ) has successfully broken above the Descending Channel and the key trading level of $64,000.

Over the past 24 hours, BTC has been fluctuating inside a small Ascending Channel as traders remain uncertain about the next major direction.

Can Bitcoin maintain its bullish structure and break above the Resistance Zone?

Technical Analysis

Bitcoin’s choppy price action reflects market indecision about whether the current bullish trend can continue.

However, the breakout above the Descending Channel and $64,000 supports the bullish scenario as long as the price remains above the Ascending Channel support line.

💡 Educational Note: A small Ascending Channel after a major breakout can represent a continuation structure, but a breakdown below its lower trendline may signal weakening bullish momentum.

I expect Bitcoin to continue moving higher, break above the Resistance Zone, and make another attempt to test the Resistance Lines.

Trade Setup

First Take Profit(TP): $65,930

Second Take Profit(TP): $66,460

Stop Loss(SL): $63,480

Which level do you think Bitcoin will reach first?

🟢 $66,460

🔴 $63,480

📌 Bitcoin Analysis(BTCUSDT), 1-hour time frame.

🛑 Always use proper risk management and set a Stop Loss(SL) for every position.

🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.