BTC Correction time???
Resistance Levels: BTC faces resistance near $107,000. Potential Pullback Zones: If a correction occurs, key support levels to watch are around $92,000 and further down at $74,000.
Analysts also note that BTC’s price movements are still influenced by broader market trends, including the performance of the S&P 500. A stall in the stock market recovery could lead to a BTC correction.
Bitcoin has shown strong bullish momentum, current technical indicators and market correlations suggest caution, as a short-term correction is possible.
