Bitcoin (BTC) is at a critical juncture on the weekly close. The bulls are aiming to break the seven-month downtrend. Since its all-time high in March, BTC has been consolidating inside a falling channel. Popular analyst Rekt Capital has highlighted repeated moves to the upper edge of the channel on the weekly chart. If BTC/USD breaks the upper edge of the channel, the room for maneuver for the bears may narrow. Daan Crypto Trades noted that the short-term trend is also bullish. Institutional demand for Bitcoin ETFs is reaching record levels. Share your views in the comments.