#BTC General Direction: Bitcoin is trading within an upward channel, with strong resistance at the $106,000 level.

Moving Averages: The current price is above the main moving averages, indicating a continued bullish momentum.

Relative Strength Index (RSI): Approaching the overbought territory, which may indicate a potential short-term price correction.

Support and Resistance Levels:

Support: $100,000

Resistance: $106,000 Today

📈 Short-term Forecast:

If the price can break above the $106,000 level firmly, it may target levels of $110,000 and $115,000 in the coming weeks.

In case of failure to surpass the current resistance, the price may experience a correction towards the support level at $100,000.

💡 Advice for Investors:

It is advised to monitor price movement around the $106,000 level, as a breakout above this level may open the door for further increases.

If signs of weakness or a decline in bullish momentum appear, there may be an opportunity to buy at closer support levels.🙏 Please follow me for the latest currency news and analysis $BTC $PNUT