Bitcoin at a Critical Juncture: Breakout or Breakdown?

Wait 5 sec.

Bitcoin at a Critical Juncture: Breakout or Breakdown?Bitcoin / TetherUSBINANCE:BTCUSDTzleo0400 Bitcoin is currently consolidating within a defined range, with buyers and sellers evenly matched and the market direction uncertain. The price has been fluctuating between the upper and lower boundaries of this range, making this area a critical decision zone. Bullish Scenario: If the price confirms a breakout above $90,200, it could open the way for further gains to $94,800 and even $98,700, signaling a continuation of the bullish rally. Bearish Scenario: On the other hand, if the price breaks below $86,600, the range will be broken, potentially triggering further declines with targets at $83,900 and $81,000. Patience is required until a clear breakout or breakdown occurs. The subsequent trend move could be very strong. PS: If you found this analysis helpful for your trading day, please like or leave a comment to show your support!