$BTC

BTC Update – High-Pressure Zone

Current Price: $104,900

BTC is currently trading inside a clean falling channel — both upper and lower trendlines have been respected so far. Price has just tapped the channel resistance, and now it's at a decision point.

If BTC breaks out above the channel:

That would signal a bullish reversal. In that case, I’m watching the following targets:

First target: $106,500

Second target: $108,800

Extended move: $111,000, if momentum stays strong

If BTC gets rejected:

A rejection here could trigger a fresh leg down, with potential drop levels at:

$103,000

$101,000

Panic Zone: Below $99,000 — could accelerate downside quickly