We are at a key moment

Bitcoin $BTC has been facing strong resistance above $110,000, raising concerns about a potential correction towards lower levels, such as $105,000. This situation has been highlighted by several analysts, although no specific information has been found regarding an analyst named "TehThomas." Currently, the price of Bitcoin is around $105,876, with an intraday range between $105,876 and $108,750. This behavior suggests that the market is evaluating whether the asset can overcome the resistance around $110,000 or if a correction will occur towards $105,000. Recent technical analysis indicates that if Bitcoin fails to maintain support at $105,000, it could experience a drop towards lower levels, such as $100,000 or even $92,000, depending on the magnitude of the correction. On the other hand, if the price manages to break through the resistance at $110,000, it could open the door to new all-time highs, with projections pointing towards $120,000. It is important to closely monitor these key levels, as investors' decisions around them could determine the future direction of Bitcoin's price.