Bitcoin- Bullish Engulfing on retest

As I mentioned a few days ago, BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction.

Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as support. Yesterday, we observed a strong bullish engulfing pattern at this level.

These are positive indicators for bulls, suggesting potential further upward movement in price. The key level to monitor is 65k, and a breakout above this level could pave the way for a new all-time high in the near future.

My outlook remains bullish.