🚀 Bitcoin $BTC Price Update: Will $100K Hold the Line? 📉
Bitcoin $BTC showed some strength on Friday! It bounced off a key support level near $104,600 (the 50-day moving average) and even pushed above another important level around $105,600 (the 20-day moving average). However, the price couldn't hold those gains, ending the day with a noticeable pullback.
What's Next?
* Bearish Risk (Downside): ⚠️ If sellers manage to push and keep the price below $104,600, we could see a drop towards the big psychological level of $100,000. Expect buyers to fight hard to defend $100,000. If this level breaks, a deeper correction towards $93,000 becomes a real possibility.
Bullish Hope (Upside): 🚀 For buyers to regain control, they need to push and sustain the price above $105,600. If they succeed, the next target would be the current downtrend resistance line. Breaking that would be a strong sign.
* Major Hurdle: 🛑 Even if Bitcoin climbs, it faces a very tough resistance zone between the downtrend line and its all-time high of $111,980. Sellers will likely put up a strong fight here.
Key Levels to Watch:
* Crucial Support: $104,600 → $100,000
* Immediate Resistance: $105,600
* Major Resistance: Down Trendline → $111,980 (ATH)
Stay tuned! The battle between bulls and bears is heating up around these key levels. 🔥