Bitcoin (BTC/USD) has opened today with a strong upward move, surpassing our initial target at $104,060 and reaching the second target at $106,000. We expect the bullish momentum to continue within the established bullish channel, with the next potential target around the $110,000 mark.
The bullish trend remains intact for the near term, as long as the price remains above $104,060. A break below this level would signal a possible intraday bearish correction, but the overall bullish outlook would remain intact as long as the price resumes its upward trajectory.
The expected trading range for today is between $103,000 (support) and $108,000 (resistance).
Trend Forecast: Bullish
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