Taking a look at the BTC/USDT daily chart, things are getting interesting! There’s no bad news on Bitcoin’s side right now, and we can clearly spot a "W" pattern forming commonly known as a double bottom. This pattern often suggests a potential market reversal, which could lead to some exciting price action.

That said, we should stay cautious because of the continuous rally we’ve seen since the last dip, along with significant unbalanced gaps appearing on higher timeframes.

From what I can tell, there are two possible scenarios:

Bullish Breakout: If the price manages to break above the neckline around $102,800, we could see a quick retest of that level as support before a push higher, potentially aiming for targets like $108,000, $112,000, or even $116,000.

Bearish Rejection: On the flip side, if the price struggles to break through the neckline, it might face rejection and move lower. Key levels to watch below include the $90,000 support zone or the Fair Value Gap (FVG) in the range of $82,400–$84,000.

These are just my personal thoughts based on the chart structure it’s not financial advice! Always remember to do your own research and evaluate risks before making any trading decisions. Stay safe and trade smart! $BTC #BTC