Bitcoin Bulls Aim for $102K – Breakout or Rejection Ahead?🚀📈 Bitcoin Bulls Aim for $102K – Breakout or Rejection Ahead? 🔍🧠
Good morning, good afternoon, or good evening — wherever you are in the world, Bitcoin is pumping, and that’s always a good sign for the bulls! 🐂
In my last BTC update, we anticipated a bounce from the key support zone around $93,600–$93,800, and price respected this level to the dot, rocketing upward just as expected. 🔥✅ That level acted as a strong springboard, and now BTC is climbing through a well-respected ascending channel on the 15-min chart.
📊 Key levels to watch:
Middle of the channel: ~$98,689
Top of the channel: ~$100,636
Psychological level: $100,000
Projected breakout target: $102,774 (60% probability 🚦)
Major resistance beyond: $113,000
However, there's always the alternate scenario: a 40% chance that we reject under $97,400, re-enter the lower end of the channel, and potentially drop toward $92,000 if that support fails. This would flip the bullish structure short-term — something to keep on your radar. ⚠️
This is a high-momentum situation, and I’ll be watching for confirmation of breakout or breakdown. Stay alert, keep your risk in check, and let the chart guide your trades. 📉📈
Let me know your thoughts in the comments — are we headed for $113K or due for a cooldown?
One Love,
The FXPROFESSOR 💙
