BTC $64,137.00 ▲ 0.01% ETH $1,866.24 ▼ 0.26% USDT $0.9992 ▲ 0.01% BNB $599.11 ▲ 1.14% XRP $1.07 ▼ 1.29% SOL $73.72 ▼ 0.37% DOGE $0.0698 ▼ 0.96% SHIB $0.00000492 ▼ 1.82% PEPE $0.00000285 ▼ 4.08% BTC $64,137.00 ▲ 0.01% ETH $1,866.24 ▼ 0.26% USDT $0.9992 ▲ 0.01% BNB $599.11 ▲ 1.14% XRP $1.07 ▼ 1.29% SOL $73.72 ▼ 0.37% DOGE $0.0698 ▼ 0.96% SHIB $0.00000492 ▼ 1.82% PEPE $0.00000285 ▼ 4.08%
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Bitcoin Piyasa

BTCUSD H1: Can the Ascending Channel Hold?

BTCUSD H1: Can the Ascending Channel Hold?

Bitcoin OANDA:BTCUSD

BTCUSD has been moving steadily within an ascending channel after rebounding strongly from the early-month low. Despite several short-term pullbacks, price continues to form higher lows and remain inside the channel, showing that buyers still control the trend.

What stands out is that each pullback toward the lower boundary or the middle of the channel quickly attracts buying interest. This suggests that buying the dips remains the dominant behavior, while sellers have yet to produce a breakdown strong enough to change the current structure.

If BTCUSD continues to hold the ascending channel during the upcoming corrections, I expect price to resume its upward move and test the 64,700–64,800 area, which aligns with the upper boundary of the channel. On the other hand, if price breaks below the lower boundary, the bullish structure will weaken and the risk of a deeper correction will increase.

This is only my personal view based on technical analysis. Wishing you successful trading!

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