Bitcoin $BTC C) has found strong support at the lower boundary of the broadening wedge on the 8-hour timeframe,

with price currently bouncing back from this level. The coin is trading above the key 100-period moving average (MA),

indicating positive short-term momentum.

If $BTC C breaks above its immediate resistance,

we could see a rally targeting key levels at $99,900, $103,600,

and potentially $108,000. Traders should monitor for a solid breakout above the resistance zone to confirm a continuation of the upward trend.

Next Move:

Watch for a confirmed break above the current resistance for entry.

A successful breakout can drive price towards the $99,900 to $108,000 range.

Keep an eye on the 100 MA for any shifts that may indicate a change in momentum.

As always, manage your risk and trade with a clear strategy.

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