#bitcoin #analysis Update — June 15

■ Current Status:

The price successfully broke out of the descending channel and retested it at the support zone of 103,531 – 101,324, forming a higher low. It is currently moving below the 106,000 – 108,000 resistance. A breakout and confirmation above this level would strengthen the chances of a rise toward 120,000 and eventually 157,000, God willing.

■ Initial Targets:

• First Target: 106,000 – 108,000 (+0.8% — +2.7%)

• Mid-Term Target: 120,000 (+14.1%)

• Long-Term Target: 157,000 (+49.3%)

■ Current Support:

103,531 – 101,324 (−1.5% — −3.6%)

■ Next Support (if current support is broken):

96,498 – 94,231 (−8.2% — −10.4%)

■ Summary:

The price has broken out of the descending channel and is attempting to break through resistance. A successful breakout supports bullish momentum; failure may lead to a retest of the next support zone.