Metric analysis suggests a good chance for a bullish scenario to unfold. I’ve marked the approximate price movement on the chart.
📈 Technical Analysis
The price is currently approaching dynamic resistance, which now sits around $109K. A breakout on the first attempt is unlikely. More likely, we’ll see a local correction, followed by another test of the resistance. If successful, this opens the path for testing the all-time high (ATH) and potentially breaking it.