Bitcoin is showing strength after bouncing from the lower boundary of the descending channel. Price action has respected the key support zone (101,100–103,000) and is now targeting higher levels.
🔹 Pattern: Descending Channel Breakout in Progress
🔹 Support Levels: 103,095 – 101,103
🔹 Next Resistance Targets: 106,561 108,386
🔹 Potential upper boundary at 112,000
📊 If momentum holds, BTC could push toward the top of the channel and break higher.
🟢 Bullish Scenario: Holding above 103,000 confirms strength and opens the door to a continuation toward 108K+.
🔴 Bearish Invalid: Drop below 101,000 may shift bias back to downside.
🔔 Stay ready – Breakout confirmation is key!
🔹 Pattern: Descending Channel Breakout in Progress
🔹 Support Levels: 103,095 – 101,103
🔹 Next Resistance Targets: 106,561 108,386
🔹 Potential upper boundary at 112,000
📊 If momentum holds, BTC could push toward the top of the channel and break higher.
🟢 Bullish Scenario: Holding above 103,000 confirms strength and opens the door to a continuation toward 108K+.
🔴 Bearish Invalid: Drop below 101,000 may shift bias back to downside.
🔔 Stay ready – Breakout confirmation is key!
Trade active
Trade closed: target reached
Target Successfully Guys 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.