$BTC

🔍 Current Situation

The price is currently trading at $107,575, down about –0.24% from the previous close.

The daily range extends between $106,742 – $110,184, indicating significant volatility without breaking specific patterns.

🟢 Momentum and Indicators:

Technical Structure: Bitcoin has reduced selling pressure around the current level, suggesting a potential balance phase before taking a new direction.

Trading volume is witnessing repeated increases, indicating traders' readiness to enter at these levels.

⚖️ Resistance and Support Levels:

Next Resistance: Located between $110,000 – $112,000, especially at $110k where strong technical resistance exists.

Key Support: At ~ $105,000, and if broken, indicates a potential drop towards $103k–$100k.

🔮 Future Predictions:

📅 Short-term (Days – Week):

The market is within a sideways range between $105k and $110k.

If the price holds above $107k–$108k, we may see a rebound towards $110k. Any break below $105k could lead to testing support at $103k.

📆 Medium – Long-term (Weeks – Months):

The overall trend remains bullish, supported by institutional flows and a decline in the supply of wallets listed on exchanges.

Potential targets after breaking resistance include $112k, then $115k–$122k.