# BTC/USD Macro Update: Monthly Channel Breakout

> Bitcoin breaks above monthly channel as bullish signal emerges.
- Title: BTC/USD Macro Update: Monthly Channel Breakout · TradingView
- Summary: Bitcoin breaks above monthly channel as bullish signal emerges. Bitcoin has broken above the descending orange channel on the 3M timeframe, holding above the…
- Keywords: btc, bitcoin, tradingview, technical analysis, ichimoku cloud, descending channel, bullish signal, pullback, 71k, 73k, business, finance
- Source: TradingView — https://tradingview.com/chart/BTCUSD/UoWUw9IP-BTC-USD-Macro-Update-Monthly-Channel-Breakout-vs-Wave-E-Pull
- Published: 2026-10-19T06:28:35+00:00
- Read time: 1 min
- Topics: btc, bitcoin, tradingview, technical analysis, ichimoku cloud, descending channel, bullish signal, pullback, 71k, 73k, business, finance
## 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.
## Key takeaway

Bitcoin has broken above the descending orange channel on the 3M timeframe, holding above the Ichimoku Cloud for a bullish signal.