$BTC is currently in a strong uptrend, trading above a rising parallel channel and consolidating around $103.5K after a successful breakout. The key support zone lies between $100K and $101.5K, which now acts as a crucial level to hold. If this zone remains intact, bullish momentum is likely to continue with potential upside targets in the $105K to $107K range. The next major move could push Bitcoin toward $110K. However, if the price falls back below $100K, a deeper pullback toward $96K may follow. Overall, the structure remains bullish as long as Bitcoin holds above the breakout level.
