Hi!
Bitcoin is forming a double bottom structure after a prolonged downtrend. The descending trendline has been broken, indicating a potential shift in market structure.
Price is currently approaching a key resistance zone around 99,000. A confirmed breakout above this level would validate the double bottom and open the door for further upside.
• Support: 93,000–94,000
• Resistance: 99,000
Targets (if resistance breaks):
• Target 1: 99,000 (retest/confirmation)
• Target 2: 103,500 (measured move of the double bottom)
As long as price holds above support, the bias remains bullish, with continuation dependent on a clean break above resistance.
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