Bitcoin has now reached levels of 104K, confirming that it is still at the heart of the scene despite ongoing market fluctuations.

The current price reflects increasing interest from institutions and ETF funds, and the desire of investors to take advantage of every correction as a long-term bull market.

⚙️ Why is Bitcoin still strong?

- Limited supply: only 21 million.

- Increasing institutional adoption globally.

- Strong technical support at 100K–104K levels.

- Massive liquidity influx from U.S. ETF funds.

📉 Current analysis:

- Main support: $104,000

- Next resistance: $108,000 – $112,000

- Breaking either direction could determine the next move: towards 120K or back to test 100K?

💬 The question now is: Is this a new entry opportunity before the next price explosion?

And don’t expect temporary profit-taking and a corrective drop?

The price of Bitcoin has remained steady at the level of 104 thousand USD in every retest over the past 4 hours. This morning, we saw a 4-hour close above the resistance level of 105.5 thousand USD (week's opening). So far, the price of Bitcoin has dropped below the level of 106.8 thousand USD (the orange line), which we know has been a key support/resistance level over this range.

I still believe that Bitcoin will not fully shake off its short-term issues until it regains this level. If the optimists are right, any retest of the level of 105 thousand USD - 104.5 will be critical.