$BTC BTC Breakout Imminent? Watching $103,830 Resistance Closely.

Bitcoin (BTC) is forming an ascending triangle on the 15-minute chart, a pattern that often precedes a bullish breakout.

Current price: $103,736

Key levels to watch:

Resistance: $103,830 – A confirmed break above this could open the door to $104,950 or even $105,800.

Support: $102,700 – Holding this level keeps the bullish setup valid.

Short-Term Strategy:

Long on breakout above $103,830

Targets: $104,950 / $105,800

Stop-loss: Below $102,700

Volume is picking up—momentum traders should stay alert!

Short-Term Price Prediction (Next 6–12 hours):

Bullish Scenario:

If BTC breaks above $103,830 with strong volume, it could rally to $104,950–$105,800.

Entry Point: After confirmed breakout above $103,830 (with a 15m candle close above it).

Take-Profit Targets:

TP1: $104,950 (first resistance)

TP2: $105,800 (recent high)

Stop-Loss: Below $102,700 (support and MA confluence zone)

Bearish Scenario:

If BTC fails to hold above the current level and breaks below $102,700, a drop toward $101,580 or even $100,700 is possible.

Short Entry: After a confirmed breakdown below $102,700.

Stop-Loss: Above $103,830

Take-Profit Targets:

TP1: $101,580

TP2: $100,700

Risk Management Tip: Always wait for confirmation (volume spike and candle close beyond breakout level) before entering. Use a 1–2% stop-loss depending on your risk tolerance.

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