🚀 BTCUSD : Bullish Bat Formation and Channel Breakout Analysis

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Overview
Bitcoin (BTC/USD) recently formed a bullish bat pattern, achieving the first target of $98,200. It continues to trade within a defined channel, presenting opportunities for further gains if key breakout levels are surpassed.

Key Levels :

1st Target : $98,200 (Achieved).
2nd Target : $111,300 (Cancelled).
Breakout Zone : $99,700 (Critical resistance).
Support Zone : $96,500 (Channel lower bound).

Technical Insights :
BTC's bullish bat pattern signals potential for continued upward momentum.
A sustained move above $99,700 could trigger a breakout toward higher levels, with $111,300 as a potential target.
However, failure to break this zone may lead to consolidation within the current channel.

Pro Tip :
Enter long trades only above $99,700 with confirmation from volume surges.
Maintain a stop-loss near $96,500 to minimize risks in case of a reversal.

Conclusion
BTC/USD’s breakout potential remains strong if it can clear $99,700 decisively. Investors should monitor market sentiment and broader trends to capitalize on bullish opportunities. As always, adhere to strict risk management. DYOR!