#BTCPrediction
Bitcoin (BTC) is currently trading at $105,246, exhibiting a modest increase of approximately 1.3% over the past 24 hours. tradingview.com
The cryptocurrency is navigating a descending channel, a pattern characterized by lower highs and lower lows. This formation suggests a bearish trend, but a breakout above the upper trendline could signal a potential reversal.investopedia.com
Key Levels to Watch:
Resistance: $106,828 and $107,504
Support: $104,000 and $103,818
A breakout above the resistance levels may indicate bullish momentum, while a drop below support could lead to further declines. Traders are advised to monitor these levels closely and consider risk management strategies accordingly.
