**Bitcoin Profit-Taking at $106K: First Stop Before New ATH?**
Bitcoin is surging, and analysts predict a key profit-taking zone around **$106K** before the next leg up to new all-time highs. Here’s what you need to know:
### **Why $106K Matters**
- **Historical Resistance:** This level aligns with Fibonacci extensions and past cycle patterns where traders take profits.
- **Market Psychology:** Round numbers often trigger sell-offs as early buyers cash in gains.
- **Liquidity Zone:** Large institutional and whale activity is expected near this level, creating volatility.
### **What Comes Next?**
If BTC holds above **$106K**, the next targets could be **$120K–$150K** in this bull run. However, a pullback here would be healthy before the final rally.
### **How to Play It**
- **Short-term traders:** Watch for rejection or breakout at $106K.
- **Long-term holders:** Stay patient—dips are buying opportunities before the next explosive move.
$BTC Bitcoin’s momentum remains strong, and this could just be the first major checkpoint on the way to **$200K+**.
**Are you holding, trading, or taking profits?** Let us know!
**#Bitcoin #BTC #crypto #Bullrun #CryptoRoundTableRemarks ** 🚀
