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Bitcoin has formed a clear sideways range on the hourly timeframe. Currently, there is a breakout from this range, but it could be a false breakout (we will consider it real if a candle closes below the range on the 4-hour or daily timeframe). If the price returns inside the range, it will confirm a false breakout and increase the likelihood of moving towards the upper limit 👍
In short, if the breakout is confirmed, the minimum target for the drop will be around 105,700 - 105,900 👍
Since the market is stable right now, we will talk about our current position in the market 👍
#BTC #Bitcoin_Analysis:
Bitcoin recently broke through the descending triangle pattern and is now retesting the breakout area between 107,000 and 110,000 US dollars, which may form a key support. If Bitcoin holds at this level, it will move towards 115,000 dollars, and possibly higher levels (we won't discuss those currently). However, if Bitcoin fails to maintain this support, it could drop towards 106,000 dollars or 104,000 dollars 👍
Bitcoin's position right now is at a critical decision point for price movement.
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If you had bought Bitcoin for $100 in 2013… You would have more than $6 million today. But do you know the real shock? There were people who knew… and saw the opportunity… and "didn't go in". Not because they were stupid. But because they were scared, hesitant, listening to what people said… And today? They wish they could go back in time just one minute! The question? If a similar opportunity came to you today… Do you really have the courage to enter? Or will you make the same mistake and say later: "I wish"?