$BTC 🧭 Current Levels
Price: ~$106,200
Intraday high: ~$106,550
Intraday low: ~$102,000
Bitcoin recently rebounded after testing the $99,000 area — showing that level is acting as a short-term support.
🔹 Support & Resistance Levels
Support zones:
$100,000 – Key psychological and technical support.
If BTC holds above this, it can stabilize or bounce higher.
$95,000 – $90,000 – Next strong support range if $100K breaks.
Resistance zones:
$114,000 – Strong resistance where BTC was previously rejected.
$120,000 + – Next bullish target if $114K breaks convincingly.
📊 Technical Indicators & Market Sentiment
Moving Averages: Both 50-day and 200-day averages are slightly tilted downward — a bearish bias in the short term.
RSI (Relative Strength Index): Currently neutral, meaning BTC
Volume: Decreasing, suggesting a lack of conviction among traders.
ETF Flows: Recent outflows (~$1.2B) from U.S. Bitcoin ETFs indicate weak short-term sentiment.
Overall sentiment: Neutral-to-bearish, with consolidation or slight downside bias.
⚖ Scenario Analysis
Bullish case (price could go up):
BTC must hold above $100K and break $114K with strong volume.
Positive catalysts (ETF inflows, institutional buying, favorable macro data) could push it toward $120K–$125K.
Bearish case (price could fall):
If BTC breaks below $100K, expect a possible drop toward $95K or $90K.
Continued ETF outflows and whale selling pressure could accelerate a correction.
🎯 My short-term view
Right now, BTC is sitting near support ($100K–$106K zone).
Momentum looks weak, and indicators suggest that bulls are losing control.
Unless we see strong buying above $110K+, there’s a higher probability of sideways to slightly downward movement.
✅ Summary
DirectionProbabilityTarget RangeReason🔼 Uptrend40%$114K – $120KNeeds breakout + strong volume🔽 Downtrend60%$95K – $90KWeak momentum, ETF outflows⚖ Neutral–$100K – $106KConsolidation zone
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