Bitcoin Price Analysis: Consolidation Before the Next Big Move?
Bitcoin is trading at $108,229, showing a slight -0.03% pullback as it consolidates just above key support at $108,000. Buyers are defending this zone well, with immediate resistance at $109,000–$109,200. A breakout above this level could fuel a rally toward $110K+, while a drop below $107,800 may trigger a deeper correction to $107,000 or even $106,500. Overall, BTC remains in a tight range—setting the stage for a breakout play.
Trade Setup:
Entry: $108,000 – $108,300
Target 1: $108,800
Target 2: $109,200
Stop-loss: $107,400