🔥 Key level for #BTC: will there be a rebound or a breakthrough to a new ATH?
Currently, $BTC is testing a very important support level — from it, a local correction may begin. If it manages to break upwards, then the path to resistance — the historical maximum (ATH) — will open.
At the moment, we have approached the resistance zone around $106,400–$106,800, from where a downward movement to the mark of $104,000–$103,500 is quite possible. Personally, I expect such a short-term pullback, but if we consolidate above $106,400, we will prepare for a jump to new heights.
It will be interesting to observe the market's reaction in the coming hours!