From TradingView · · 40s
BTC/USD Macro Update: Monthly Channel Breakout
Bitcoin breaks above monthly channel as bullish signal emerges.
In brief
Bitcoin breaks above monthly channel as bullish signal emerges. Bitcoin has broken above the descending orange channel on the 3M timeframe, holding above the Ichimoku Cloud for a bullish signal. Originally reported by TradingView.
Bullish Signal (Monthly Chart)
Bitcoin has broken above the descending orange channel on the 3M timeframe, holding above the Ichimoku Cloud.
Alternative Scenario (Wave E)
A pullback to the $71K-$73K zone could serve as a retest before the real rally begins.
Plan for Traders
Wait for monthly close above the orange line or watch for pullback to $73K zone for high-probability long entry.
In short
Bitcoin has broken above the descending orange channel on the 3M timeframe, holding above the Ichimoku Cloud for a bullish signal.
