BTCUSD – Price Approaching The Edge of the Channel📍 BTCUSD – Price Approaching The Edge of the Channel
Bitcoin has surged sharply from the lower boundary of its descending channel and is now reaching another “Edge” — the upper resistance line.
🎯 Two Key Scenarios:
🟩 Bullish Breakout: A clear breakout above ~$108,000 with strong volume could initiate a new leg toward $111K and beyond
🟨 Bearish Rejection: Failure to break the channel may lead to a corrective wave back toward $103K or lower
This is a classic "decision point" — where market structure and momentum meet supply and resistance.
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