According to CoinDesk, BTC’s three-line breakout chart shows that the seven-month correction trend may be over, and it is expected to hit a new all-time high. The candlestick chart shows strong resistance near $70,000.

BTC rose more than 5% to $66,000 on Monday, marking its biggest one-day gain since August 23. However, the daily candlestick chart shows that BTC is still within a seven-month descending channel.

The three-line breakout chart shows a breakout of the long-term descending channel on Monday, and the uptrend since the October 2023 low of $30,000 has resumed, with a new high of more than $73,000 possible.

The Three Line Breakout chart helps traders filter out price volatility and noise by focusing on price movements and trend changes regardless of time.