btc update

Bitcoin (BTC) is currently trading around $105,207, having recently surpassed the $98,000 level. This price point has been identified by analysts as a significant resistance level, with many investors having previously acquired BTC at this range, potentially leading to selling pressure as they aim to break even .

The recent surge past $98,000 was accompanied by a notable increase in open interest, suggesting that leveraged positions may have contributed to the price movement . While some analysts are optimistic about BTC reaching higher targets, such as $120,000 in the near term , others caution that the market could experience a correction due to the rapid ascent and overbought conditions.