Bitcoin has dropped below $107,000, currently trading at $106,750, marking a 0.36% decrease in the past 24 hours.
🔍 Key Highlights:
24H Change: -0.36%
Price Range (24H): ~$106,300 – $107,800
Market Sentiment: Slightly Bearish
Volume: Moderate, indicating consolidation
Support Zone: $105,500
Resistance Zone: $108,200
🧠 Possible Reasons for Drop:
Profit-taking near recent highs
Mild risk-off sentiment in global markets
Anticipation of upcoming macroeconomic data (e.g., U.S. PCE, Fed policy)
📊 Technical Outlook (Short-Term):
4H RSI: Hovering near 48 (neutral zone)
MACD: Slight bearish crossover forming
Price Action: Lower highs on the intraday chart; watch for support retest
🧭 What to Watch Next:
$105K support test – crucial for bulls to hold
$110K breakout – needed to confirm bullish continuation
Global macro triggers: inflation data, U.S. dollar strength
Let me know if you’d like a fresh 4H chart or comparison with altcoins like ETH or LTC.
