BTC

The price is approaching the 100k resistance zone, which aligns with a critical trendline from the upper boundary of the channel.
Resistance Zone:

The green zone highlights the resistance area, where the price historically struggles to break above due to selling pressure.
If Bitcoin surpasses this level, it could signal a new bullish breakout toward higher targets.
Potential Scenarios:

A rejection at $96,000 might lead to a pullback, testing lower support levels within the trend.
A breakout above $96,000 could signal the start of a new parabolic rally, possibly targeting the next red line (above $130,000).
Historical Context:

The chart suggests Bitcoin tends to respect these long-term trendlines, with price consolidations and rallies within the channels.

Safe All!


Stone.