#BreakoutTradingStrategy Digital currency forecasts, especially for Bitcoin, indicate the likelihood of continued fluctuations within a narrow range before a strong movement occurs. Here are some key points ¹:

- *Support and Resistance Levels:*

- Support: $100,000 - $97,000, and $74,500 - $72,000.

- Resistance: $112,000, and $121,199 - $122,500.

- *Technical Forecasts:*

- Bitcoin is expected to remain within a trading range between $104,000 and $110,000.

- A breakthrough above $110,000 could lead to a rise towards $114,500 - $125,000.

- *Possible Scenarios:*

- Bullish Scenario: A breakthrough above $110,000 and sustaining above it, which could lead to further rises towards $123,000 - $125,000.

- Bearish Scenario: Continued weakness in liquidity and buying momentum, which could lead to a break below $104,000.

- *Technical Analysis:*

- The flat ascending wedge pattern indicates the possibility of a bounce from the support area.

- The harmonic Gartley pattern indicates a potential reversal area at $106,290 - $106,400.

It is important to note that these forecasts are based on technical analyses and actual results may vary. It is advisable to continuously monitor the market and review analyses periodically to make informed decisions. $XRP