BTCUSD Ascending Parallel Channel Pattern - Will this hold?

BTCUSD seems to be in an ascending channel pattern. We are currently testing the bottom support of the channel. If this bounces we are likely to revisit the top of the ascending channel. If we break, for the bullish trend to continue price has to hold above 43900 region.

Just sharing an observation.

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Looks like a bounce and we are probably heading up to around 54000-55000 region to test the resistance of the ascending parallel channel.