$BTC – Critical Retest in Progress! Is a Bigger Breakout Brewing? 🚨🔥
$BTC is currently trading at $107,886, holding just above the crucial resistance-turned-support zone around $107K–$108K. After a powerful breakout from the descending trendline and a surge above the key horizontal barrier, BTC is now retesting this zone, which previously rejected price in December 2024 and April 2025.
This structure signals a potential bullish continuation, if support holds.
Technical Breakdown
• Resistance Flipped Support: $107,000 – $108,500 ✅
• Previous Local High: $110,000 – acting as near-term resistance
• Trendline Break: Confirmed with strong volume in early May
• Next Major Target: $115,000 – $120,000 range if momentum holds
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Momentum Insight
If Bitcoin maintains support here, it could trap late sellers and initiate another rally leg. However, loss of $107K support could mean short-term consolidation or pullback.
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Drop a "$BTC " if you're holding strong — or eyeing the breakout!