#BTCPrediction
Trade now . . ๐๐๐๐๐๐๐โคโคโค๐ฏ๐ฏ๐ฏโคโคโโ๐คฉ
Bitcoin is trading within a descending channel on the 8-hour chart and is currently testing the upper trendline resistance around $109,500โ$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 $114,000โ$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.