$BTC
Monthly Chart Update 🔥
Bitcoin is currently sitting right at the lower boundary of an ascending channel that has been respected since 2017, holding through every bear market including 2018, 2020, and 2022. A monthly close above $76k confirms this support holds and opens the path to $85k, $93k, and $101k respectively. The RSI on the monthly has already turned back up and is curling higher, which historically signals strength not breakdown. Also worth noting .
And also nobody is talking about the major descending trendline from the all-time high which is currently being broken, a huge macro bullish signal. The $40k calls simply don’t respect the structure; breaking this 7-year channel would be historically unprecedented.
Monthly close is everything right now, watch this candle closely. 👀