#BTC After bouncing off the 25,000 support rejection, BTC surged by 50%, confirming the upward trend. A newly identified rising channel in black suggests potential bullish momentum.

As BTC nears the upper boundary of the channel, converging with the 40,000 resistance, a pivotal factor for sustained bullish control is a weekly candle close above 40,000. This could trigger a parabolic move towards the 50,000 resistance.

However, given BTC's proximity to a significant resistance zone, a bearish intervention remains possible. This could revert it to a range between 25,000 and 30,000, especially if lower timeframes signal a bearish reversal.