According to this chart, Bitcoin continues to trade within a long-term rising logarithmic channel and is currently entering the upper-middle band with strong momentum.
Price remains above all major moving averages, confirming trend dominance.
Short-term moving averages are above long-term ones, with widening separation ā a sign of a healthy and accelerating trend.
The previous consolidation range has been broken to the upside, and this breakout appears to be supported by momentum.
Expected price behavior:
Any pullbacks are likely to be shallow and viewed as buying opportunities.
Price gradually advances toward the upper internal band of the channel.
As psychological resistance levels are cleared, a momentum-driven rally develops.
Target zones:
$120,000: First major psychological and technical target
$160,000 ā $300,000: Primary bullish target near the upper channel boundary
In this scenario:
There are no clear signs of market euphoria or cycle mania yet.
Media attention and retail participation increase, while larger players continue to hold positions.
This structure suggests the market is in a late-but-not-final stage of the bull cycle.
š In summary:
The trend remains bullish, structure is intact, pullbacks are opportunities, and the dominant direction points toward new all-time highs. $BTC $ETH $XRP
