#BitwiseBitcoinETF

Bitcoin is trading within a well-defined ascending channel, indicating a medium-term bullish trend. The price is close to the lower trendline support, indicating a potential bounce. Support Zone: $92,000 – $94,000 (green zone) This area has provided strong support during successive declines. Resistance Zone: $100,000 – $102,000 Bitcoin has struggled to break this level, which is a major resistance. If Bitcoin holds the current support and breaks the $100,000 resistance, the next target could be the upper bound of the channel around $110,000 or higher. A break below $92,000 could invalidate the ascending channel, with a potential drop to $88,000 or lower.

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