Is Bitcoin Poised to Bounce or Break? Inside the Critical Channel That Could Make or Break BTC/USD
Bitcoin’s been slipping again — but here’s the kicker: as the price teeters at the bottom of an ascending channel on the 4-hour chart, could this be a golden moment for the bulls to rally? Or, is this just the calm before a deeper dive? It’s a nail-biter, really. Watching these inflection points is like waiting for the next Netflix twist — will it surprise us or let us down? Crypto’s mood has soured recently, battling everything from geopolitical jitters to fleeting risk-on vibes. The big question now is whether bearish momentum snaps that support or if buying pressure steps up to push Bitcoin back over pivotal levels. Either way, it’s a drama worth keeping tabs on, because in this game, one move can flip the script entirely. Want the full scoop? LEARN MORE.
Bitcoin has been in selloff mode again, but bulls could have an opportunity to charge as price tests the bottom of an ascending channel on the 4-hour chart.
Or will we see a break lower and further downside for BTC/USD?
Better keep close tabs on these inflection points!
Bitcoin (BTC/USD) 4-hour Chart by TradingView
The crypto mood has soured again in the previous week, as bitcoin struggled to catch a bid despite risk flows in both directions.
BTC/USD lost ground early on while risk-off flows picked up on tariffs-related geopolitical tensions then proceeded to extend its decline even as risk-taking returned on de-escalation developments.
Will bearish momentum trigger a break below the channel support?
Market biases and volatility doesn’t happen in a vacuum—it’s driven by the macro shifts most retail traders miss. Access Babypips Premium for weekly fundamental analysis and strategy outlooks to sharpen your edge for just $0.36/day.
BTC/USD is already testing its ascending channel support around $88,000 and just below the pivot point ($88,733), still deciding whether to bounce or to break.
If support holds, look out for a move back above the pivot point level to confirm the presence of buying pressure, which could eventually lift bitcoin to R1 ($91,466) then R2 ($96,365) close to last week’s highs.
Sustained bullish momentum could even take BTC/USD to R3 ($99,098) near the channel resistance or perhaps another test of the key $100K ceiling.
On the other hand, long red candlesticks piercing below the channel bottom could suggest that a steeper selloff is in order, possibly dragging bitcoin to S1 ($83,834) then S2 ($81,101).
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment.
Disclaimer:
Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
Master your trading psychology with AI-powered insights TradeZella helps you track, backtest, and eliminate bad habits automatically! BabyPips Premium Annual Members get an exclusive 30% discount on the annual TradeZella subscription for the first year ($120 in savings)!
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
