$BTC – Crucial Levels as Bulls Struggle to Regain Momentum!
Bitcoin is currently trading at $107,875 (+0.53%) on the 4H chart, attempting to stabilize after a corrective drop from the $111,980 high.
Key Observations:
SAR indicator flipped bearish, currently pointing resistance at $109,885
24H High/Low: $109,506 – $107,100
Volume remains strong: 16,660 BTC traded in the last 24 hours
Support & Resistance Levels:
Immediate Resistance: $109,885
Support Zone: $105,969 – $103,800
With 71.90% buyers dominating the order book, bulls are still holding the line, but a break above $110K is needed to reignite upward momentum.
Watch closely: If BTC reclaims $110K, we may revisit recent highs. If not, expect retests of $105K and below.