Analyst Ali Martinez (Ali Charts) says BTC has traded inside an ascending channel since April 9 with reliable rebounds on retests of rising support (71k→~78k on Apr 13; 75k→~82.9k on Apr 30). Bitcoin is currently testing the $79,000 support; if it holds, the analyst expects a rally to the channel top near $86,000. A break below $79,000 would invalidate the trend and could trigger a deeper correction.

The piece reports technical structure: an ascending channel since April 9, documented prior rebounds (11% and 10.5%), current test of $79,000 support, and a defined target near $86,000 if support holds; it also states a break below $79,000 would invalidate the trend and risk deeper losses.