Bitcoin: Sustains Ascending Channel

Trader Tardigrade, via @TATrader_Alan, highlights that Bitcoin ($BTC) continues riding an ascending channel on the daily timeframe, maintaining the trend intact over the past month amid volatile crypto market trends.

This pattern echoes Bitcoin's resilience seen in late 2025 rallies, where channel support repeatedly rejected downside pressure, fueling speculation on BTC price prediction targets above $80K if bulls defend the lower boundary.

Zooming into the 4H chart, Bitcoin trades at $76,624.76 in a bearish structure, with price slipping below the EMA50 at $77,085.29 while the EMA200 at $73,910.03 looms as deeper support. MACD confirms the death cross with a -149.62 reading, signaling weakening momentum, yet RSI at 42.21 stays neutral, avoiding oversold panic. Price hugs the lower Bollinger Band support near $76,300.38, with upper resistance at $78,893.67 capping any quick rebound—watch for confluence here as a break below could accelerate toward EMA200, but channel integrity on daily suggests buyers step in to avert a crypto market crash.