#bitcoin (BTC) Maintains Bullish Momentum Above $105K – Can It Break Higher?

$BTC continues its steady climb, currently trading at $105,544.83, reflecting a 1.01% increase over the past 24 hours. Despite ongoing market fluctuations, BTC has shown resilience, staying above the key psychological level of $105,000.

In the past 24 hours:

High: $105,900.00

Low: $104,475.94

Trading Volume: 8,315.46 BTC

Volume in USDT: Approximately $875.85 million

Price Levels to Watch

$BTC short-term support is forming around $104,662.36, while the resistance zone is near $106,001.45. A breakout above this range could trigger a stronger rally, while failure to hold support may push the price down toward $104,216.00 or even $103,871.09.

Looking at the current market structure, Bitcoin has been consolidating in a narrow range, with tight movements between intraday highs and lows. Price action is supported by strong buying interest at dips, and any surge in volume could signal the next major breakout.

Market Outlook

With BTC holding firm around its local highs, traders are eyeing the next move. If momentum remains, a break above $106,000 could open the door to testing new highs for this quarter. However, cautious traders should keep an eye on short-term timeframes (15m, 1h, 4h) for signs of weakening momentum or rejection at key resistance.

Overall, Bitcoin's price is showing strength, and as long as it remains above the $104K zone, the trend appears favorable for bulls.

Buy and Trade Here on $BTC