đȘ Bitcoin is sitting around $106,300 and finally breaking out of the descending channel thatâs been trapping price for weeks.
Weâre also seeing BTC pushing above the key $105,000 resistance zone, which has acted as a strong rejection area multiple times before.
If todayâs candle closes above $105k, this breakout could easily extend toward $108,500â$109,000 in the coming sessions.
đ Structure-wise, we had a clean breakout, and now price is retesting the breakout zone â this area could flip into new support if buyers defend it.
If we stay above $105k, momentum should build up for another leg higher toward $112kâ$115k mid-term.
â ïž Short-term watch: a fakeout back under 105k could trigger a quick dip to $100kâ$98k, where the next liquidity pocket sits.
đ§ Bias: Bullish mid-term
đŻ Targets: 108.5k â 112k+
đ Invalidation: Daily close below 105k
Overall â breakout confirmed, structure bullish, and sentiment improving.
If buyers hold the line here, the next move up could come fast.
#BTCè”°ćżćæ #BTC #btc70k #BTCâ #BTCđ„đ„đ„đ„đ„ $BTC
