Bitcoin is currently moving within a descending wedge formation and has faced repeated rejections from both the upper resistance and lower support levels of this pattern. A breakout to the upside could trigger a significant bullish rally, potentially driving the price to the $95,000–$97,000 range.
On the other hand, a breakdown to the downside might lead to a corrective phase, with BTC possibly targeting the lower Fair Value Gap (FVG).$BTC