Bitcoin has broken out of a technical formation that may place it on track toward a decisive test zone between $96,200 and $102,100.
The breakout of the formation was noted in an analysis posted on social media platform X by crypto analyst Titan of Crypto.
Leverage Build-Up Points To $8 Billion Short Squeeze Potential Above $90,000.
If Bitcoin does push into this zone, the resulting cascade of liquidations among short positions may provide the momentum required to push the Bitcoin price toward the $96,200 to $102,100 target zone.