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BTC Breakout Imminent – Targeting $110,349

94
🕒 Timeframe: 30-Minute Chart

📈 Current Price: $108,425

🎯 Projected Target: $110,349


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🔍 Chart Zones & Key Levels:

🔷 Blue Resistance Zone (~108,500 - 110,500)

Price is currently approaching the top of this range.

Historically, price rejected strongly from this area (left blue circle).

This zone has acted as major supply, but now price is retesting with bullish momentum.


🟢 Green Circles – Key Reaction Points

The first green circle marks a strong bounce from previous support (~106,000).

Second green circle shows resistance rejection, indicating it's a key pivot level.


🔶 Orange Zone (~104,000 - 106,500)

This acted as a demand zone during the correction (middle of the chart).

Price formed a double bottom within this zone, signaling bullish reversal (orange circle).



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📊 Structure & Pattern:

Consolidation breakout from a horizontal range.

Forming higher highs and higher lows, showing bullish structure.

The blue arrow path shows expected price movement:

Minor pullback

Followed by breakout towards $110,349 target




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🧠 Market Sentiment:

Strong accumulation near $106,000 suggests buyers are in control.

Price is gradually grinding higher into resistance with volume increasing (implied).



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🧭 Conclusion:

Bias: Bullish

Entry Zone: Dips near $107,800–$108,000

Target: $110,349

Invalidation: Break below $106,500
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