BTC/USD Potential Reversal & Bullish Breakout Setup

BTC/USD Potential Reversal & Bullish Breakout Setup 🔄🚀

Technical Analysis Overview:

🔹 Pattern Formation:
The chart displays a potential Triple Bottom pattern (🟠), a classic reversal signal forming at the $104,870–$100,000 support zone 🛡️. This structure suggests a strong base is being established for a potential upside move.

🔹 Support Zone:
📉 The price has consistently bounced off the major support area around $100,000–$104,870, indicating strong buying interest.

🔹 Resistance Zone:
📊 The key resistance level lies around the $114,000–$115,000 range 🔵, which has been tested multiple times in the past (🔴 arrows) and could act as a future profit target.

🔹 Price Action & Projection:
Currently, price is trading near $107,025 and is showing signs of bullish continuation after forming a higher low. If the price consolidates above the $104,870 zone and holds support, we could see a potential breakout targeting the $114,000 resistance 📈.

📌 Key Takeaways:

✅ Triple Bottom formation signals trend reversal.

🔄 Bullish structure confirmed above $104,870.

🎯 Next target: $114,000 if breakout holds.

⚠️ Watch for potential consolidation before continuation.