Bitcoin (BTC) is currently exhibiting a critical pattern on its 4-hour timeframe that suggests a possible breakout. The cryptocurrency has been forming a descending trendline but is now testing this trendline again, potentially setting the stage for an upside breakout. If Bitcoin successfully breaks above the resistance defined by the trendline, the next key price target is projected to be around $109,000, representing an estimated 17.42% increase. The recent stability and recovery of Bitcoin's price after a drop suggests strong demand from buyers and the potential for further growth if resistance breaks. It is important for market players to track price movements adjacent to the trendline for potential signals of future market trends. The upcoming trading sessions will either confirm Bitcoin's upward breakout or possibly lead to another decrease.



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