$BTC

🔍 Key Observations:

Current Price: ~$107,230

24h High/Low: $110,392 / $107,220

Recent Performance: Minor pullback of -0.48%

Strong Resistance: Around $110,000

Support Zones: Around $100,000 and previously near $90,000

📈 Technical Analysis:

1. Trend Direction:

The overall medium-term trend (from March to June) is upward, with higher highs and higher lows.

This follows a bottoming-out pattern seen between January and March.

2. Consolidation Zone:

Price has been ranging between $100K and $110K, which signals a consolidation phase.

Breakout above $110K could trigger a strong upside move due to low overhead resistance.

3. Volume Insight:

Volume is moderate, suggesting interest is steady but not euphoric. A spike in volume during a breakout could confirm a bullish continuation.

4. Short-Term Momentum:

The slight dip from $110K to current levels shows resistance pressure, but not heavy sell-off, which may just be profit-taking.

A retest of support around $105K or even $102K is possible before the next leg up.

🔮 Prediction (Near-Term Outlook):

Bullish Bias if:

Price stays above $102K–$105K range.

A breakout above $110K could open room to test $115K–$120K in the coming weeks.

Bearish Risk if:

Price breaks below $100K, especially with high volume.

Could retrace to $95K or $90K levels if sentiment shifts due to macro or regulatory concerns.

📊 Crypto Sentiment Factors to Watch:

U.S. Federal Reserve interest rate decisions

Regulatory news (especially around stablecoins or ETFs)

U.S. elections and geopolitical shifts

Institutional flows into Bitcoin (spot ETFs, etc.)

✅ Conclusion:

The chart suggests Bitcoin is in a healthy uptrend with some short-term consolidation. As long as the price holds above the $100K psychological support, the broader outlook remains bullish. Watch for a clean breakout above $110K for confirmation of a renewed rally.