Based on the provided Bitcoin weekly chart from TradingView, BTC has recently broken out of a descending triangle pattern, suggesting bullish momentum.
The price is currently around $94,686, with a potential target near the recent high of $110,000, as indicated by the upward trendline. The chart shows a strong support zone between $65,458 and $90,000, which could act as a cushion if a pullback occurs.
Given the breakout and historical price action, BTC may see a short-term increase toward $110,000 in the upcoming days, potentially reaching $120,000 if bullish sentiment persists. However, volatility is expected, and a drop below $90,000 could signal a reversal. Monitor volume and key resistance levels for confirmation.
