A quick and important update on Bitcoin ($BTC ).
Bitcoin's price has reached an important support area, representing a key price action zone. This area is a true test of buying power, and a strong reaction is expected from there.
Forecast: The likely scenario is to complete another short correction within the current range, considered a healthy correction before attempting to break the 123,000 resistance level and target new highs. The prerequisite for maintaining this outlook is not breaking the critical support level at 104,000.
Overview: The overall picture remains positive. Any current correction is a potential buying opportunity within a major uptrend that has yet to end. Once this correction is complete, we expect BTC to launch a strong move to target new levels, typically accompanied by a recovery in the overall cryptocurrency market, with Ethereum$ETH and altcoins leading strong momentum.