Bitcoin BTC reached a major support zone! The price is currently consolidating right at the lower boundary of an ascending channel that has guided Bitcoin since February. What makes this area significant is that the channel floor aligns with both the 100-day SMA and the 23.6% Fibonacci retracement level. This cluster between $73,000 and $71,300 serves as a major structural floor. If the buyers defend this zone, we can expect a steady expansion back toward $77,000 or even $79,500. I'll keep a close eye on the $71,300 floor. If the market takes a brief detour below this level to fully flush out short-term speculative leverage, it would open the door to an extended value window near the February base of $60,000.(Ali Charts)