Bitcoin Technical Analysis: 4H Ascending Channel Signals Possible Upside

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Bitcoin remains in a ascending channel, reflecting a steady and controlled uptrend. Price is currently around $71,926, trading in the upper portion of that channel, which is typically a bullish position but can also signal a short-term pause or mild pullback before continuation. Momentum is still strong, with price holding well above the 60-period SMA near $68,682, confirming trend strength despite the extension. The RSI at 63 supports this view, showing bullish momentum without yet reaching overbought conditions, though it is starting to level off slightly.



Resistance sits at $74,450, and a clean break above that level could open the way toward $77,000. On the downside, holding $71,200 is important to maintain the current structure. A drop below $69,700 would suggest a deeper pullback, potentially toward the SMA zone around $68,000.
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