Bitcoin has likely formed a local top, as a bearish divergence is showing on the chart. This means the price is going up while the RSI is going down, which could signal a possible short-term drop. The $105K–106K zone is currently a strong support level, as it was previously a resistance area. For this support to stay valid, $BTC needs to close the week above this level. If that happens, the price could move higher toward $112K or even $120K–130K. However, if BTC falls below $105K, it may drop further to around $96K. The overall trend remains bullish, but a short-term correction is possible. It’s important to watch BTC’s movement around this key zone in the coming days.