Bitcoin’s Potential Breakout: Targeting $105K-$107K?

Bitcoin (BTC) has surged past $93,000, marking a significant milestone in the market. This recent rally brings its 24-hour trading volume to $91.2 billion and reflects a 7% increase over the last day and a 6% rise within the last week. After dropping below $84,000 earlier this week, Bitcoin has shown resilience and is now testing a key resistance zone around the $93,000 level. This surge follows an inverse head-and-shoulders pattern on the 3-hour chart, indicating a potential trend reversal if the price holds above the neckline.