Cryptocurrency trading is the process of buying and selling digital currencies, such as Bitcoin, Ethereum, and other altcoins, with the goal of making profit fr
The chart is forming a rising channel after bottoming near $60,000.
Higher highs. Higher lows. Bulls stay in control as long as $74,000 holds.
But here's the other side. $BTC just got rejected at the top of the channel, right at the daily 200 MA, the most important level.
Two scenarios from here:
If $74,000 holds, the structure stays bullish. Next resistance is $83,000. Break that with volume and the door opens back toward $90k-$98k
If $74,000 breaks, next support is $70,000 and if the channel fully collapses, $60,000 is next, which erases the entire recovery.
Here's the deeper signal nobody is talking about:
The $BTC -to-Nasdaq ratio is stuck at 2.70 and can't break above 3.0. Every time it tries, it gets rejected. $BTC isn't leading this market, It's following Nasdaq. Until it breaks the 3.0 ratio and starts outperforming tech stocks, the real bull run hasn't started yet.
This is good time to buy $H Entry Zone: 0.2220 – 0.2250 Stop Loss: 0.2160 TP1: 0.2350 TP2: 0.2450 TP3: 0.2580 If price closes strongly above 0.230 on 15m candles, momentum can push toward 0.25+ quickly. If BTC weakens or H loses 0.220 support, expect pullback toward 0.212–0.205.