Bitcoin (BTC/USD): Period of Consolidation and Uncertainty

⚠️ Bitcoin (BTC/USD) Wave Analysis

Bitcoin is currently in a consolidation phase, trading within a wide horizontal range on the daily chart after a strong bullish rally.

- **Resistance Zone:** 106,027 - 109,582 (Aligns with the All-Time High resistance)
- **Support Zone:** 89,378 - 92,797

There are two possible scenarios based on price action at these key levels:

1. **Bullish Breakout:** A confirmed breakout and close above resistance could trigger another upward wave, targeting at least 120,040.
2. **Bearish Breakdown:** A break below support may indicate a corrective move.

It is advisable to wait for a decisive breakout before making trading decisions.