Price $BTC currently: $107,656 (-0.34%)
After failing to break through the blue resistance zone ($111,225 – $111,960), Bitcoin is facing selling pressure again and is now moving down towards the important support area of $106,000 – $104,500 (orange zone).
Price movement indicates that the market is in a consolidation phase between two major areas — resistance at $113K and support at $104K — with the potential breakout starting to approach.
Important Technical Areas:
Minor support: $106,000
Major support: $104,495 – $101,739
Nearest resistance: $113,296
Further resistance: $115,882 – $121,609
Bullish Scenario:
If BTC can rebound from the $106K zone and break through $113K, the potential rise to $115.8K up to $121.6K is wide open. Strong confirmation will be seen if a breakout occurs with large volume above $113.3K.
Bearish Scenario:
However, if selling pressure continues and BTC breaks below $104.5K, the price risks continuing to decline towards $101.7K or even lower. The short-term direction will remain negative as long as the price has not returned above $113K.
$BTC currently in the crucial support zone. Price reactions in the $106K–$104K area will determine whether the market is ready to rebound or extend the correction phase.
Disclaimer: This analysis is made for educational and informational purposes, not an invitation to buy or sell crypto assets.
Trading digital assets carries high risk — always use money management and conduct independent research before making trading decisions. DYOR!