🚀 Is Bitcoin Back in Sights at $104k? 🎯 Breakout or Bearish Bounce? 📉

Bitcoin is showing signs of life again, and the question is: Can it reach $104k, or is this just a bounce before continuing its decline? 🤔

Bullish Scenario: Go for $104k! 📈

* An increase in trading volume would support this bullish scenario.

* Positive market sentiment and favorable news could act as catalysts.

Bearish Scenario: Bounce to continue falling. 📉

* If $BTC fails to break above the resistance and trading volume decreases, we could be looking at a bounce before a further decline.

* Selling pressure at the current resistance could push Bitcoin back toward lower support levels (identify key supports).

* Negative news or a change in market sentiment could trigger this scenario.

What to do?

* Watch the volume: An increase in volume upon breaking through resistance would be a bullish signal.

* Identify key support and resistance levels: This will help you define your entry and exit points.

* Manage risk: Use stop-loss and take-profit options to protect your capital.

* Do your own research (DYOR): Don't rely solely on this analysis.

What's your opinion? Do you think Bitcoin will reach $104,000 or will we see a bearish bounce? 🤔

Share your thoughts in the comments! 👇