Bitcoin Holds Above 107K – What's Next?
Bitcoin entered a consolidation phase after surpassing the $107,000 level. BTC, which fell to $98,200 during the recent decline, quickly rebounded to form a strong bottom.
📌 Support: $105,000 – short-term buying zone
📌 Resistance: $110,000 – psychological and technical level
📌 Target: If 112K is broken, 120K potential is on the table
Upward pressure is increasing on the daily chart. However, sustainability above 110K is challenging without volume confirmation. If this region is broken, the market could enter a new upward wave.
