Rejection $BTC

at a price of 105 thousand dollars - retesting again

Bitcoin rose to $104,361, but faced resistance just below the critical $105,000 area. This area proves to be a tough ceiling, and now the price action has returned to around $102.8 thousand.

Here’s what’s forming:

Key notes: • Rejection area: $104,000 - $105,000

• Holding support: Psychological level of $100,000 is still strong

• Volume is still decent, indicating that the bulls are not giving up

What’s next?

As long as Bitcoin holds above $100,000, the bulls are still in control. If the price breaks above $105,000 with conviction, we could see a rapid rise towards its all-time highs ($108,000 - $110,000 +).

Warning:

If $100,000 fails to hold on the next retest, expect a drop towards the $97,500 to $98,000 area before the bulls regroup. Keep a close eye on volume levels for signs of exhaustion or breakout confirmation.

Stay sharp - the next move will set the tone for the entire market.

Trading here on $BTC