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BTC is currently trading within a long-term ascending bullish channel, respecting both trendline support and resistance over multiple years.

Price tested the lower boundary of the channel $61K–$63K), which aligns with a key horizontal support level. This is a high-confluence zone and a critical decision area, a possible tested to the lower channel is possible before the next uprise.

As long as support holds, the bullish structure remains intact, with potential for a move back toward the mid-range and eventually the upper channel (~$140K–$160K).

A confirmed breakdown below this support would signal a structural shift and could lead to a deeper correction toward lower demand zones.

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