Bitcoin is currently facing a crucial support zone and is showing signs of potential market recovery. The recent dip in price was followed by a swift rebound above the 100-day moving average, indicating market stabilization. BTC is currently constrained between the 100-day MA and the middle trendline of the ascending channel, suggesting an imminent breakout. If this resistance is cleared, a push towards the $108K swing high could occur. On the lower timeframe, Bitcoin's rebound from the $90K support zone shows strong demand. In the mid-term, upward retracement is expected, potentially leading to a new all-time high. The reduction in Bitcoin's exchange reserves indicates an accumulation phase by investors and could contribute to further price appreciation.



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