Bitcoin Potential short-term bullish reversal

Bitcoin is showing early signs of a potential short-term bullish reversal as price continues to respect the descending channel. The latest bounce from the upper boundary suggests increasing buy interest.

If the bulls manage to break above the key resistance level and price holds above the channel, the short-term bullish scenario remains valid. In that case, price could continue its upward movement toward the 98K – 104K upper resistance zone.

You may find more details in the chart,
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