Bitcoin Breaks Out: Chart Pattern Targets $96,200 To $102,100 As Next Big Test Zone

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Bitcoin Breaks Out: Chart Pattern Targets $96,200 To $102,100 As Next Big Test Zone - NewsBTC

Quick Summary:

Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant Descending Broadening Wedge Breakout Clears Path To $100,000 Again Bitcoin’s price action in the past 24 hours is highlighted by a return to $85,000 as buying pressure started to creep in.

Image From X: Titan of Crypto Leverage Build-Up Points To $8 Billion Short Squeeze Potential Above $90,000 Crypto analyst Sensei also commented on Bitcoin’s current price structure, noting that a move to $90,000 could trigger a massive liquidation event.

If Bitcoin does push into this zone, the resulting cascade of liquidations among short positions may provide the momentum required to push the Bitcoin price toward the $96,200 to $102,100 target zone.