<ul><li>Analysts interpret the double bottom pattern in Bitcoin price as a sign of weakening bearish pressure and strengthening buying momentum.</li><li>The double bottom pattern in Bitcoin's price chart consists of two inflection points at $106,800 and $106,600, with the neckline resistance at $109,000 being successfully breached.</li><li>Bitcoin, currently trading around $109,400, is targeting $112,000 if it maintains the breakout level as support, indicating a potential structural shift in market sentiment.</li><li>The pattern signifies a change in control and possibly a market direction shift, but the report emphasizes the need for disciplined decision-making and risk awareness in trading strategies.</li></ul>

Bitcoin Price Poised for $112K Breakout as Double Bottom Pattern Confirms

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