Bitcoin Analysis 🅱️
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We noticed a strong breakout for $BTC from the 105.140$ area, and a clear break of the downtrend with a strong candle confirming the market's intention.
Today we saw a healthy corrective movement, which we do not consider negative at all, especially if prices stabilize above the 108.359$ levels at the daily close.
If a close occurs above this level, the most likely 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$ followed by a possible rebound from it, God willing.
❗️And as you know, technical analysis is only a relative reading of 30%,
liquidity and trader behavior determine the upcoming trend.