Bitcoin: On the Path to $100k or Facing More Lows?

Let’s analyze our 4-hour chart from yesterday.

As of yesterday, $BTC was trading within an ascending channel wedge. Today, we've observed a break below this wedge, reaching our indicated entry range.

This movement has sparked concerns among investors. Will Bitcoin still reach the much-anticipated $100k as predicted months ago, or are we in for more lows?

In my view, the goal of $100k remains intact. Market movements are rarely linear—corrections are a natural part of the journey to higher prices. These corrections provide opportunities for those who missed the earlier trend to buy at lower prices. With Bitcoin now at my entry level, I believe it's time to start accumulating. Remember nothing goes up or down straight.

If bitcoin breaks above $66,649 and also breaks the highlighted resistance range above, it will be a signal for more uptrend.

Reaching $100k is just the beginning of Bitcoin’s upward momentum—there’s more to come.

Good luck to us on Bitcoin. #BTCFOMCWatch #BTC