#SaylorBTCPurchase
⏺️Technical analysis: key levels of BTC🔸
Despite the recent momentum, BTC still hasn't fully taken off and remains in a consolidation zone. The barrier of $108,000 presents itself as a significant resistance point. Many investors would be taking advantage of this area to realize profits, generating selling pressure.
🔆Resistances to consider:
🔸$105,000: immediate level. Firmly surpassing it could enable a rise towards all-time highs.
🔸$107,000: intermediate resistance and precursor to higher levels.
🔸$109,114: one of the previous all-time highs. Its breakout could propel an advance towards $120,000.
🔆Supports to watch:
🔸$103,826: immediate support, with strength in the short term.
🔸$102,000: next level of containment.
🔸$99,000: more solid support zone in case of larger corrections.
The RSI is at 50 points, suggesting some bearish pressure from the current levels. However, this is still not enough to reverse the trend, and the conditions for new bullish impulses remain.