As Bitcoin consolidates in a tightening symmetrical triangle around $104 k to $105 k, momentum indicators remain neutral, and volatility is contracting. A decisive breakout above $106 k–$108 k especially on increased volume could launch a bullish run toward $110 k–$114 k. However, failure to break resistance risks a drop to the $100 k mark, and a breakdown of the $104 k range may even test lower levels near $96 k. For investors, the current contraction phase offers an opportunity: consider entering incrementally near support levels, but be prepared to take profits or adjust exposure if resistance isn’t overcome or if prices breach downside support.
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As Bitcoin consolidates in a tightening symmetrical triangle around $104 k to $105 k, momentum indicators remain neutral, and volatility is contracting. A decisive breakout above $106 k–$108 k especially on increased volume could launch a bullish run toward $110 k–$114 k. However, failure to break resistance risks a drop to the $100 k mark, and a breakdown of the $104 k range may even test lower levels near $96 k. For investors, the current contraction phase offers an opportunity: consider entering incrementally near support levels, but be prepared to take profits or adjust exposure if resistance isn’t overcome or if prices breach downside support.
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