Analysis #Bitcoin #btc #bitcoin #Altseason

We observed a strong breakout for $btc from the area 105.140$ , and a clear break of the downward trend with a strong candle confirming the market's intentions.

Today we saw a healthy corrective movement, which we don't consider negative at all, especially if prices stabilize above the levels of 108.359$ at the daily close.

If the close happens above this level, the closest expectation is a continuation of the rise, with the next target at 114463$ as the first potential peak for us.

However, in case of instability, we expect a drop to around 105798$ , then a possible rebound from there, God willing.

As you know, technical analysis is only a relative reading of about 30%; liquidity and trader behavior determine the upcoming direction.