How far can the price of ⁧#Bitcoin⁩ $BTC reach?

There has been a historical upward trend line since 2017, and the price is now approaching a critical resistance at $113,500.

Every time it touched this line, the market rebounded downwards... but this time the situation is different:

- The momentum is strong

- The volume is high

- Liquidity is strongly flowing into Bitcoin

So, are we witnessing a historic breakout?

Technical Analysis – Two Scenarios:

1. Bullish Breakout Scenario:

• If Bitcoin surpasses the $113,500 level with a strong weekly close, the door is open towards:

• $120,000 (massive liquidation of short contracts)

• Then $138,000 as a technical target matching the upward channel extension

• Strong psychological and institutional support below the price enhances the chances of a rise

2. Rejection and Rebound Scenario:

• If the price fails to break the line and is rejected, we expect:

• A correction towards the levels of $98,000 – $94,000

• While monitoring the price behavior at weekly averages to confirm the path.

#BTC #Bitcoin #Crypto #Dhar_Al_Hadari

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