$BTC /USDT is currently trading at $112,712.60, showing strong momentum near its all-time highs. In technical analysis, support and resistance are key levels traders watch to understand market behavior.
Support is the price level where buying interest is strong enough to prevent the asset from falling further. For BTC, immediate support can be found near $110,000, a psychological round number, and deeper support lies around $105,000, where previous consolidations occurred.
Resistance is the price level where selling pressure typically appears, preventing further upward movement. The nearest resistance for Bitcoin is around $115,000, followed by $120,000, which could act as a major barrier if momentum continues.
If BTC holds above support and breaks through resistance, bullish continuation is likely. Conversely, losing key support zones could trigger corrections. Traders closely monitor these levels to time entries and exits effectively.
