**The Bitcoin price chart displays a clear ascending channel, indicating a long-term bullish trend. **
The price has been consistently making higher highs and higher lows, staying within the channel's boundaries, with support around the lower trendline near 52,000 and **resistance at the upper trendline approaching 147,813.79, as projected. **
Within this channel, smaller symmetrical triangles have formed, suggesting periods of consolidation before breakout movements.
The most recent breakout from the latest triangle appears to be upward, aligning with the overall bullish trend. If Bitcoin maintains its momentum above the key support levels and breaks past the ++100,000 resistance++, it could target the upper channel boundary near 147,813.79.
What do you think of the Bitcoin Price Action Now?
bullish to 120k