#bitcoin is currently testing the descending trendline after bouncing from the key support zone around $104K. A confirmed breakout above the #trendline could open the path toward the $110K level and signal a #bullish reversal.
However, if $BTC fails to break above and faces rejection, the price may revisit the support zone, and a breakdown below it could trigger a deeper move toward the $100K psychological level.
The market is at a decision point, and the next few candles will be critical in determining direction.
