Recent price action reveals Bitcoin has broken out of a cup and handle pattern, signaling strength to bulls. The next key resistance lies at $126,000. Historical data points to potential support around the $107,000 level as September tends to be a low point for Bitcoin before a rebound. Q4 seasonality shows historically strong trends in price increases, projecting a potential rise towards $170,000 if the pattern continues. 7 instances of lows at $107K have been recorded since 2016 with a subsequent recovery. Bitcoin’s current movement and performance suggest potential for reaching $126,000 before testing $107,000. However, whether this will repeat as a seasonal trend remains to be seen.