BTCUSD 1D Bitcoin making new climbing plans

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BTCUSD 1D Bitcoin making new climbing plansBitcoin / U.S. dollarBITSTAMP:BTCUSDInvestWorld_777After the summer correction Bitcoin is once again showing strength. The chart is shaping a rising channel and the pullback to the 108500 support worked textbook-style. Moreover, a breakout above 113000 will open the way directly to 125000. Volume profile supports the buyers’ side while the price action looks like a healthy pause before the next impulse. Fundamentally the backdrop stays bullish with institutional flows into ETFs and Fed rate cuts still on the table for year-end. The irony is that while many were waiting for 94k or lower Bitcoin just secured its rope and started climbing higher.