$BTC Today's forecast for Bitcoin ($BTC) indicates the possibility of continued upward movement, with expectations targeting levels of $110,000 - $114,000. However, there are two potential scenarios ¹:

- *Scenario One: Continued Breakout*: A strong buying position can be considered with expectations for Bitcoin to continue rising towards the upper resistance line of the channel, targeting levels of $110,000 - $114,000.

- *Scenario Two: Retracement to Support Level*: If Bitcoin's price faces rejection near current levels or the midpoint of the channel, a positive correction may bring the price back to a major demand area, aligning with the lower trend line and horizontal support levels, targeting the same upper limit of the channel ($110,000 - $114,000).

In terms of technical analysis, indicators suggest ¹ ²:

- *Upward Trend*: The weekly trend is clearly upward with a continuing supportive structure after a clear break of the March peak.

- *Support and Resistance Areas*: Critical demand areas at $99,500 – $98,000 (OB + FVG + 61.8%) and deeper support at $96,800 – $95,800.

- *Short-term Forecast*: The cryptocurrency markets are expected to remain volatile, with the possibility of a temporary correction.