This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

As bitcoin (BTC) trades in uncharted territory near record highs, traders may be searching for cues on what comes next, especially key levels that could act as magnets or resistance points.

Here are three important levels worth watching closely.

$126,100

This level represents the upper boundary of the broadening or expanding range pattern that has been developing since mid-July. The potential resistance is defined by the trendline connecting the July 15 and Aug. 14 highs.

A reversal from this level could trigger a corrective pullback down toward the lower boundary of the range, represented by the trendline drawn from the Aug. 3 and Sept. 1 lows.

$135,000

A breakout from the expanding range wo

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