Bitcoin (BTC) is currently trading around $107,795, slightly down from its intraday high of approximately $110,277. Over the past week, BTC has shown stability near its all-time highs while maintaining strong support above key moving averages—indicating ongoing bullish momentum.
Analysts predict that Bitcoin may remain range-bound between $107,000 and $112,000 this week. If BTC breaks above $110,500, it could trigger a rally toward $120,000. Key support levels are at $106,000, with stronger floors near $102,300 and $98,000.
Short-term forecasts suggest BTC could peak around $113,900 in the next seven days. Overall, the trend appears bullish, but much depends on whether BTC can close above the $110,500 resistance. A failure to hold support may lead to a short-term dip toward the lower $100,000 range.
