$BTC Bitcoin is trading around USD 103,988, after reaching an intraday high of ~108,750 and slightly retreating.

1. Bullish scenario:

Technically, the golden cross (EMA50 over EMA200) and a breakout from a flag pattern support the continuation upward. The slope of the RSI and MACD indicates positive pressure. If it breaks and holds above USD 107,000–110,000, the next target is between USD 125,000 and 137,000.

2. Bearish scenario:

A failure to hold the support levels between USD 104,000 and 100,000 could trigger a correction towards USD 95,000–92,000, a level that consolidated after the previous drop.

3. Lateral scenario (most likely):

Given the current consolidation between USD 100,000 and 110,000, a lateral range appears to be the most realistic option. The volume has decreased after the spike, supporting a phase of stability before a new significant movement