BTC needs to hold this level

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Wassup guys?! Bitcoin broke up out of the rising channel (yellow) then dipped back inside and then broke up once again. I think the cyan area is critical level for BTC - actually the red uptrendline - and bulls need to hold it for further gains. If broken down, I think price could spill as low as to the channel lower edge. What is your take on Bitcoin price action? Let me know in the comments. Enjoy the weekend!

EDIT: Please ignore the left-hand side scale, just forgot to remove, it's not relevant to BTC.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

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Red uptrendline broken and price still staying back inside the yellow channel which is bearish sign for me. See follow up idea here: