🚀 Bitcoin (BTC) Daily Technical Analysis — Key Levels Reset
Bitcoin is trading around $108.8K, stabilizing after dipping to ~$107.3K intraday.
General Technical Consensus:
📊 TradingView shows a Neutral daily read. TipRanks internals lean mixed: RSI mid-30s (neutral), MACD showing an early buy, ADX weak (~17). Overall sentiment: balanced with a slight recovery bias.
Momentum & Indicators:
🔎 RSI ~36.7 (Neutral), MACD Buy, ADX ~16.7 (weak trend) — suggests room for a bounce but needs confirmation.
Support & Resistance Levels:
🛡️ Supports: $109K (key threshold) → $107K (recent floor) → $100K (major LT level).
⚡ Pivot Zone: $109K–$110K (reclaiming this is the first step).
🚀 Resistances: $113.6K–$113.7K → $117K → $123K.
Trading Outlook:
✅ Bullish case: A strong close back above $113.7K could open $117K → $123K.
⚠️ Bearish case: A clean break below $109K puts $107K in play; losing that risks a slide toward $100K.
Bottom Line:
🔥 BTC sits just below a key pivot band. Reclaim $109–$110K and especially clear $113.7K to tilt momentum higher; lose $109K and focus shifts to $107K → $100K. Stay nimble and wait for volume confirmation.
