$BTC

BTC

74,732.21

-4.78%

BTC Price Update

Coin Name: #BTC

On the 4-hour Binance chart, Bitcoin previously moved within a downward parallel channel, highlighted by yellow zigzag lines marking a pattern of lower highs and lower lows. Recently, the price broke out above the channel, signaling a potential bullish reversal.

A projected target points to further upward movement. Supporting this, the MACD indicator below the chart shows bullish momentum, with a crossover and rising histogram bars. Additionally, the RSI is climbing, indicating growing buying pressure.

The combination of this breakout and strengthening indicators suggests Bitcoin may continue its upward trend, aiming for new resistance levels.