$BTC Bitcoin's price has been consolidating, and analysts are divided over its next move. Here's what's happening ,🔻

👉Current Price: Bitcoin is trading at $105,452.95, with a 0.41% increase.

👉Pullback Phase: Some analysts believe Bitcoin is nearing the final leg of its pullback after dropping to $105,000. Strong support exists between $92,703 and $105,314.

👉Resistance Levels: Bitcoin needs to break above $107,743 to trade higher. If it fails, it might retrace to $101,000.

👉Bullish Signals: Declining BTC reserves on centralized exchanges and increasing demand could drive the price up.

👉Bearish Signals: High leverage in the market and elevated basis yields might lead to a pullback.

🧧Possible Scenarios🧧:

👉Upside*: Bitcoin could surge past $110,624 and reach a new all-time high if buying pressure increases.

👉Downside: A drop to $92,219 is possible if bulls fail to drive the price up.

🧧Expert Opinions:🧧

👉Michaël van de Poppe: Believes Bitcoin needs to break above $106,000 to trade higher.

👉Alex Kuptsikevich: Thinks Bitcoin's longer-term bullish trajectory remains intact above $32,300.

👉Bitcoindata21: Suggests significant pullbacks are unlikely before reaching $150,000.