Bitcoin Price Analysis: Is $BTC Price Poised for Further Correction?

Bitcoin Price Analysis: The crypto witnessed a significant buying press in the last few days which is likely associated with the macro economical event of the US debt ceiling deal. As a result, the Bitcoin price bounced back from the local support of $26000 and surged 9% to the hit overhead trendline of the channel pattern. However, the supply pressure at this resistance keeps the BTC prices under the threat of prolonged correction.