$BTC /USDT - Bullish traders hold at the support level of $107,000
The price of #Bitcoin tested its highs around $110,700 again, but strong selling pressure pushed the price down to $109,400. This quick rejection shows that bearish traders are still active near the resistance level, but the overall trend remains resilient as long as the key support levels hold.
The critical area to watch is $107,000, which has formed a strong base several times. As long as the price of Bitcoin trades above this level, bullish traders have a chance to regroup for another attempt to break through towards $112,000 and above. Any clear move above the resistance level could trigger a strong upward wave ahead.