According to analysts Captain Faibik and StefanB, Bitcoin is currently in a bullish trend, defending the $96,000 support level. They both highlight the presence of a falling wedge pattern, indicating a potential rally. The breakout from a descending trendline and the formation of an ascending channel further reinforce the bullish outlook. Bulls are targeting the $106,000 resistance zone, with potential for further price expansion if momentum is sustained. The market structure, as well as strong buying pressure and order flow, support the upward trend. While some minor pullbacks are expected, the overall trajectory remains bullish.



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