Analysis of Bitcoin Price Today and Key Upcoming Predictions

We are now in a critical area for the price of $BTC , where the price is currently trading near $104,700. This level is considered a pivot point, as it determines whether the price will continue to rise or return to decline again.

If Bitcoin succeeds in breaking above the $105,500 level and maintains above it, there is a high probability that we will see a new wave of rising that could push the price to levels of $110,000 and possibly even $115,000 in the coming days (after certain phases). This scenario reflects continued confidence in the market and an increase in positive momentum.

However, if the price fails to break above the $105,500 level, this could be a sign of weakness among buyers, which may lead to a sharp and rapid decline towards the $102,500 level, and possibly down to $100,000 or lower. Therefore, be cautious, as there is a possibility of enticing a large number of beginners followed immediately by a collective slip.

The market is now hesitant between continuing in an upward trend or a strong correction, which is why random entry is not advised. It is better to wait for confirmation of the upcoming trend. Those who deal with the market in the long term may find a good opportunity if the price dips slightly, while those who prefer quick trading should pay close attention to the points we mentioned.

In conclusion! We are at a decisive moment, and we are still in the cup and handle pattern on the 1-day frame.