Bitcoin is forming an irregular contracting triangle between 91,000 USD and 95,000 USD. A decisive breakout over 95,000 USD would target 98,000 USD to 109,000 USD, indicating strong upward momentum.
The Nifty Index also mirrors Bitcoin’s pattern with critical support at 23,800 to 23,870 USD. Their structural similarities may lead to correlated market movements in the near future.
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