$Btc Summer Scenarios: Breakout or Breakdown?Bitcoin is currently forming higher lows, indicating bullish intent — but strong resistance around $110.6K continues to hold.
There are 3 key scenarios developing:
1. Double Top Formation: If BTC faces rejection again near $110.5K, a double top may form, leading to a potential drop.
2. Bullish Breakout: A successful breakout above both resistance levels could push BTC toward $116K–$120K.
3. Bearish Breakdown: If rejection happens earlier without retesting, BTC might crash directly to a lower low around $95K–$96K.
RSI indicates underlying strength, but until a decisive breakout or rejection confirms, traders should remain cautious and patient.
