Trader Tardigrade reports that Bitcoin's monthly Gaussian Channel continues stepping in to keep the asset out of a downtrend on the monthly timeframe.

Bitcoin records fourth straight Gaussian Channel bounce on monthly chart at $83600, reinforcing trend structure amid neutral 4h RSI and MACD death cross.

Bitcoin touches Gaussian Channel on monthly chart for fourth time, historically triggering massive rallies as BTC holds $60828.9 amid oversold RSI.

According to @TATrader_Alan, Bitcoin's (BTC) price action is currently interacting with the Gaussian Channel on a monthly scale, presenting two potential scenarios. In the first scenario, Bitcoin moves near the channel and then rebounds, while in the second, it enters the channel before rebounding. These scenarios highlight critical levels for traders to monitor, as they could signal potential trend reversals or continuation patterns.