BTC has finally crossed the $55,000 threshold, a milestone that coincides with daily inflows of $1.3 billion into spot BTC ETFs. Another reason for the rise in BTC prices is the anticipation of the halving in 53 days.
Bitcoin price continues to rise exponentially, with bulls pushing the price higher within an ascending channel pattern.
Bulls showed resilience to break above the psychological $55,000 mark as they aim for a break above the upper limit of the channel.
Of course if the airdrop takes control of the price they may backtest the price to $45,945, in line with the lower limit of the channel