📉 BTC Market Update – What’s Next for Bitcoin?

Bitcoin recently touched a new all-time high around $111,970, but soon faced selling pressure and has now retraced to the $105,000 range. This pullback seems to be a healthy correction rather than a trend reversal.

Technical Analysis

Key Support Levels:

✅ $105,000 – Current major support

✅ $102,000 – Next key support

✅ $100,000 – Strong psychological level

Key Resistance Levels:

🔺 $108,500 – Immediate resistance

🔺 $110,000 – Critical breakout level

🔺 $115,000 – Potential next target upon breakout

Short-Term Market Outlook

📌 As long as BTC holds above $105,000, a bullish rebound remains likely.

📌 A break below $105K may trigger a deeper correction toward $102K or $100K.

My Take:

This dip appears to be a natural consolidation phase after a strong rally. A decisive move above $110,000 could lead BTC to $115,000+ in the near future.

Patience pays. Watch, learn, and trade wisely.