$BTC

Bitcoin

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Bitcoin is currently trading in a sideways range between $104,000 and $107,000, with strong resistance at $107,500 and support at $103,800. Traders are advised to buy near the support and take profits at the first rise above $106,500. With anticipation for the US interest rate decision, the market may witness volatile movements this week. If the price breaks above $107,500 firmly, a quick rise towards $110,000 is expected. However, if support at $103,800 is broken, a test of $102,000 is possible. It is best to trade with a small size temporarily, placing close stop-loss orders, and to take advantage of any sudden drop to buy. The market is currently leaning towards weak stability with anticipation of critical economic news.