Bitcoin – Technical Outlook
🔹 Key Zone: 101,500 – 104,500
At the moment, price is trading within this key zone where strong buying and selling activity is taking place — a critical area that will likely determine the next major move.
🟢 Bullish Scenario (Uptrend)
If price breaks above and holds above 104,500, this would confirm a continuation of bullish momentum.
In that case, price is expected to move higher toward 120,040, with further potential extension toward 125,567.
📈 This zone is an important confirmation area that could signal the beginning of a new bullish leg.
🔴 Bearish Scenario (Downtrend)
However, if price drops below and stabilizes under 101,500, this would indicate a potential bearish reversal.
In that case, the price may move downward toward the support zone at 97,700 – 93,400.
Breaking below this area would confirm further bearish extension toward 88,080.
📊 Summary:
Currently, Bitcoin is trading inside the key zone (101,500–104,500).
A breakout above or below this range will likely define the next strong market direction — whether a bullish continuation or a deeper bearish correction.
