Bitcoin’s price has remained relatively stagnant this past weekend, exhibiting limited upward or downward momentum. The market is presently trading in a narrow range, with prices stuck within a confined area. While minor downward pressure exists, it hasn’t yet produced significant shifts. 📊 📈 📉 🤯 🤯 Some analysts have pondered if Bitcoin’s current price action might evolve into a triangle pattern, but there is no definitive indication of such a shift occurring. Triangles are uncommon occurrences in the market, making it premature to predict their formation. 🔮 📈 📉 The Bearish Perspective: 🐻 – For now, the main focus remains on a correction phase that began following Bitcoin’s May price peak. The price has been pulling back ever since, and an extended downward trend is anticipated before finding substantial support. Key levels to observe are around $99,200 to $92,800. There’s even the possibility of a dip as low as $81,340, which stands as an important support level. If Bitcoin falls below that point, it could signal the end of the bull market. 📉 The Bullish Outlook: 🐂 – On the other hand, if Bitcoin manages to hold above this crucial zone, the long-term outlook remains optimistic. Upon completion of this correction phase, Bitcoin might target a move towards $130,000. With favorable market conditions, it could even rally higher, possibly reaching as high as $190,000. 🔎 – Looking at shorter timeframes, the price is currently holding above minor support levels. Over the past weekend, a potential small bounce or sideways movement was anticipated before heading lower again. A break above $108,822 could signify a shift towards bullishness in the short term, but currently, there’s no clear indication of this occurring. 🚀 Summary: Bitcoin is presently in a correction phase with no confirmed breakout or breakdown. As long as it stays above key support levels, the larger uptrend persists. 📈 🌈