Bitcoin’s Wild Ride: Will It Soar or Crash? 🚀💥
After a recent tumble, Bitcoin is now trying to climb out of its local range high and reclaim the $111,000 zone as if it’s a lost teddy bear 🧸. September saw BTC retest the $107,000 range low before bouncing 4% to the local upper boundary. Analyst Ali Martinez, who probably has more charts than a pirate has treasure maps 🗺️, noted that BTC has been trading in a descending channel on the 4-hour chart for the past two weeks. On Tuesday morning, it broke above the pattern’s upper boundary around $110,700. Fancy that!