#BTCPrediction

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Bitcoin is trading within a descending channel on the 8-hour chart and is currently testing the upper trendline resistance around $109,500–$110,000. This level has previously triggered multiple rejections, making it a key area to watch.

A breakout and successful retest above this resistance could signal bullish momentum, potentially targeting the $114,000–$116,000 range. However, failure to break above may lead to another drop toward the mid-channel support.

BTC is at a crucial decision point; a breakout could shift the trend, while rejection would keep it ranging within the channel.