$BTC Bitcoin Update: Key Levels & Market Outlook

The next major resistance sits at $105,000, followed by $110,000—key psychological levels where profit-taking could occur. On the downside, support is now forming near $98,000, with a stronger zone around $95,000 acting as a critical floor.

From a Smart Money Concepts (SMC) perspective, the push above $100K likely involved liquidity grabs above previous highs, trapping late shorts. Order blocks near $97,000–$99,000 now serve as a potential demand zone if a pullback occurs.

ICT (Inner Circle Trader) analysis suggests this rally could be part of a larger liquidity sweep, with the $105K–$110K range being the next target for stops before a possible consolidation. The 4-hour chart shows strong bullish structure, but traders should watch for signs of exhaustion near resistance.

If Bitcoin holds above $100K, the next major move could target $120K. However, a break below $95K may signal a deeper correction. Always trade with risk management in mind.