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

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 downward… 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 historical breakout?

Technical analysis – Two scenarios:

1. Bullish breakout scenario:

• If Bitcoin surpasses the level of 113,500$ 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 an upward move

2. Rejection and bounce scenario:

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

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

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