#bitcoin Retests Key Support – Is $110K Next?
BTC $BTC struggles to regain momentum above 100k$, currently retesting critical support in an Ascending Channel. Analysts suggest a recovery could push prices to $110K–$112K, provided support holds.
🔍 Insights:
*/ False Break: BTC briefly dipped below support at $95K but reclaimed it, signaling potential bullish momentum.
*/ Bullish Target: A rebound could test the upper channel at $110K.
*/ Bearish Risk: Some analysts warn of a drop to $87K, which could set the stage for a stronger recovery.
Bitcoin’s long-term prospects remain strong, but volatility is expected.
