Bitcoin (BTC) is at a pivotal point following a recent breakout from a descending channel and is currently retesting its upper boundary. The $101,500 level is critical; a successful hold above it would validate the breakout, signaling a strong bullish continuation towards a $130,000 short-term target. Conversely, a drop below $101,500 would invalidate the breakout and suggest a return to the descending channel. Our bias remains bullish, contingent on the $100,000 psychological support holding, which we believe will pave the way for the $130,000 objective.$BTC