Bitcoin is on the verge of a significant breakout as it approaches $104,000, driven by the alignment of the Cup & Handle and Inverse Head and Shoulders (IH&S) patterns. Analyst Kamile Uray highlights that Bitcoin has surpassed $93,160, with a confirmed close above this level setting the stage for further gains. To solidify the uptrend, Bitcoin must also break the falling blue trendline.
Key resistance levels are identified at $98,200 and $107,500. The IH&S pattern has been validated as Bitcoin moved past $87,500 and $90,000, with the next target at $95,000. However, a daily close below $82,477 could indicate a bearish trend continuation.
Bitcoin Targets $104,000 Amid Bullish Chart Patterns
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