$BTC Bitcoin Bounces Back to $106,000 – The Calm Before the Next Explosion?

Bitcoin has sharply risen from $98,385 to $107,000, showing strong buyer interest after a brief decline.

It is now trading in a narrow range of $106,000 to $107,000, indicating a potential breakout.

Key Points:

• Support Area: $104,000 – $105,000

• Next Resistance: $108,600 – $109,000

• Breakout Target: $115,000 if it surpasses $109,000

• Leverage Watch: The buy/sell ratio at 36.5:1 indicates strong bullish bets.

MACD and RSI lean towards a neutral-bullish trend, while Bollinger Bands suggest volatility pressure that could explode at any moment.

Institutions like BlackRock continue to buy, and ETF developments in South Korea are boosting market enthusiasm. However, declining miner profitability and increasing regulatory pressure raise caution flags.

🚨 Caution: Overextended long positions could lead to short-term rejection.

The public in the cryptocurrency world is divided – some shout "Long!" at $107,000, while others warn against chasing green candles. Eyes are now on $109,000… Breakout or trap?

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