After a strong rise towards $110,530, the price of Bitcoin has retreated to $102,664 before currently stabilizing at $104,905.
The price is currently moving near the middle of the Bollinger range, with immediate resistance at $106,250 and significant support at $103,210.
📊 The RSI indicator is at 55.9 in a neutral state, and the Stochastic RSI has started to decline from the overbought area.
Bitcoin is currently at a critical point, with a breakthrough of $106,250 potentially bringing momentum back toward $109K, while breaking $103K could take us back below $100K.
⚠️ The market is volatile, and risk management is very essential right now.
Do you expect a new breakout for Bitcoin or more correction? 💬👇
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