💥Bitcoin chart analysis:📝

1. *Supply zone (resistance):* Between 111,980 and 111,500 price has bounced down from here several times.

2. *Demand zone (support):* Between 97,365 and 89,120 approximately, price bounced up strongly from here.

3. The current price is 108,784 and close to resistance, so buying here is risky. It’s better to wait for a clear breakout above resistance or a correction towards support. 📈$BTC