Bitcoin maintains an upward trend supported by a strong trend shown in blue, with a successful retest of the support area between $106,000 - $107,000 (highlighted in red).
✔️ The price formed a “Cup and Handle” pattern within this area, which is a positive pattern, enhancing the likelihood of continued upward movement.
The next targets in case of a confirmed breakout:
Closest resistance: $110,400
Potential technical target: $114,000
⚠️ Breaking the red support may temporarily change the scenario towards $105,000 then $102,500.
Summary: The current trend is positive as long as we maintain support, and further increase is likely if buying momentum continues.
