for the last few weeks we have seen stability in Bitcoin which shows community's support for it. market going higher and higher by each day passing but no strong correction or retracement has been seen so for which been its not the time yet. Market wont drop unless a new high is formed.
After hitting 105000 market should have dropped with high intensity but market showed no sign of liquidity. after a small drop it consolidate itself by rejecting the red candles and forming green ones.
For the last few days market has been working under the range of 105000 to 101500. by analyzing this range i have extracted few levels for the market.
Levels are as followed
Supporting points 101500, 102500
Resistance: 105000, 107200