BTC/USDT Needs more power for another rally

Fibo 1.618 is a significant resistance area which BTC struggling on. In a 4-hour timeframe BTC is moving in an ascending channel and approaching the bottom line near 58800 USDT (red cross). The next level is 57200 USDT. However a bullish market can be continued to the midline of the channel where long term trend from ATH (green line) meet the channel midline (blue cross) in 63200 USDT. More increasing strength may push the price to the top line of the channel somewhere around 69100 USDT new ATH. afterward next fibo level (2.618) will be waiting in 73100 USDT which needs more Bulls to be continued. Approving the first ETF in future trading may inject more fuels to boost the trend.

Personal Idea, not financial advise.