BTC’s Price Trending In A Rising Channel A key Rising Channel pattern has emerged on the Bitcoin 4-hour time frame chart as the asset continues its uptrend. Following his examination of the price on the chart, Ali Charts, a seasoned market expert and trader, highlighted that BTC is now consolidating within this rising channel.
Should this floor hold, Ali Charts claims that it could serve as a strategic rebound zone to send BTC back toward the mid-range near the channel at $81,500. A secondary target is still highlighted at the top of the channel at roughly $84,500. In the meantime, a decisive close below $77,000 would signal a breakdown of this short-term structure and invalidate the optimistic outlook.
