📈 Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?

🔹 Key Highlights:

BTC saw a fresh increase above the $106,500 level.

Currently consolidating gains, hovering near $107,000–$108,000.

Price remains above 100 hourly SMA, indicating overall bullish support.

🔸 Technical Breakdown:

A break below the bullish trend line occurred at $107,300 (hourly chart).

BTC holds above the 23.6% Fib level (from $98,272 low to $108,165 high).

Resistance zones:

🔺 $107,800 (immediate)

🔺 $108,150 (key)

🔺 Potential upside target: $110,000 → $112,000.

🔻 Bearish Scenario:

If BTC fails to break $108,150:

Key support levels to watch:

$105,800

$105,000

$103,200

🔻 $101,200 (critical bearish threshold)

🧠 Indicators Watch:

MACD: Losing bullish momentum

RSI: Dropped below 50 (neutral/bearish sign)

🧩 Conclusion:$BTC

Bitcoin remains at a make-or-break point. If it holds above $105,500 and breaks $108,150, we could see a bullish move to $110K+. But failure to break resistance could lead to a dip toward $103K–$101K.