Expert opinion: bullish #BTC (from Coinsradar.net)

Since the beginning of this month, the price has been trading inside a stable ascending parallel channel and has climbed back to higher levels to some extent.

The bearish pullback that occurred after hitting a temporary high above $71,000 seems to have stopped with the recent rebound.

Therefore, the price is expected to maintain the upward trend and reach the upper resistance of the parallel channel.

However, reaching the middle level of the channel may be a difficult task as it collides with a key resistance. Therefore, breaking through these levels may pave the way for reaching new all-time highs.

As the monthly close is approaching, a small increase in volatility can be expected, but the impact on the price of Bitcoin (BTC) may be limited.

As traders are not sure about the upcoming trend, the volume remains below the required level. Therefore, the bullish close of the month may trigger a good wave of upward movement until the end of the quarter.

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