Bitcoin (BTC/USDT) recently retested a critical resistance area but faced rejection, signaling that the market still lacks enough strength to push higher. This rejection has opened the possibility for BTC to revisit the $108,000 support zone, an area that previously acted as a strong demand level for buyers.
The market sentiment remains cautious as traders wait for a decisive move. If Bitcoin manages to hold above the $108,000 zone, it could provide the foundation for a strong rebound. However, a clean breakout above $112,000 would be a significant bullish signal, potentially driving the price toward the $115,000 level and beyond.
On the downside, if BTC fails to defend its support, further corrections could unfold in the coming days. For now, traders are closely watching these critical levels as Bitcoin prepares for its next big move.
