Bitcoin (BTC) is trading at approximately $106,745, reflecting a modest decline of about 0.93% over the past 24 hours.

Technical indicators suggest that BTC is attempting to stabilize above its main bullish trend line, with positive signals emerging on the Relative Strength Index (RSI) after reaching oversold levels.

However, there are signs of potential selling pressure, as large holders (whales) have started moving BTC onto exchanges, indicating possible profit-taking.

Looking ahead, if BTC can break above the recent swing high of approximately $112,000, it may target the $120,000 level. Conversely, a drop below the $105,000 support could signal further consolidation.

Note: Cryptocurrency markets are highly volatile. Always conduct your own research and consider risk management strategies before making investment decisions.