Bitcoin breaking out: Target levels based on the chart pattern $96,200 to $102,100 as the next major test zone:

Bitcoin has exited the technical formation, which could place it on a path toward a critical testing zone between $96,200 and $102,100. If confirmed in the coming days, this move will represent a major development in the current Bitcoin market structure. The cryptocurrency analyst has identified this zone as the place where Bitcoin's trajectory could continue toward new highs or face the next divergence.
Breaking the expanding downward channel opens the way to $100,000 again
The price dynamics of Bitcoin over the past 24 hours have returned to $85,000, as buying pressure has started to increase. Interestingly, this buying pressure has broken above the upper trend line of the expanding descending triangle pattern. This formation is typically viewed as a reversal signal, and the breakout is assumed to indicate a strong continuation of growth if confirmed.
A breakout from the formation was indicated in an analysis published by the cryptocurrency analyst Titan of Crypto on the social media platform X. It is worth noting that the price chart shared by the analyst shows that a cone formation has developed on the daily timeframe over the past three months. The cone began to form after Bitcoin peaked above $108,000 in late January and has gradually expanded.
At the time of analysis, the price of Bitcoin had already achieved two daily closes above the upper line of the trend in a wide triangle. According to the analyst's opinion, the breakout is likely to be confirmed this week. If confirmed, this will pave the way for the price to rise above the $100,000 level again or at least to $96,200.
In particular, Titan of Crypto highlighted the zone between $96,200 and $102,100 as the next target zone. The analyst confirmed that this range could become a real test of Bitcoin's strength, as it will show whether the breakout will lead to continuation or will stop at a divergence.
#BTC