On the H4 timeframe, it is visible how Bitcoin (BTCUSD) has formed an ascending channel and risen to its upper boundary around 95,000. The maximum at 94,966 has not been updated, but if the upward movement continues, it will not be difficult for it. This level since the beginning of March this year is a very significant maximum, and its breakout will signify the opening of the path to new highs, such as 100,000, which is already a serious level. This, in turn, will lead to the consideration that Bitcoin is capable of updating its historical maximum. However, let's not rush, it is worth observing how the price will behave further, whether the bulls have exhausted all their strength or if there is still something left and the trend will continue. The indicators fully support the bullish sentiment and indicate a strong upward momentum.
