#liquidation
*Bitcoin Price Analysis: Pressure Building! 💥*
*Current Price:* $105,856.70
*What's Happening? 🤔*
- The chart shows a recent price drop from $110,718 to $100,372, followed by a recovery to the current price.
- The 24-hour high is $105,884.46, and the 24-hour low is $103,871.09.
- The trading volume is significant, with 8,968.15 BTC traded in the last 24 hours.
*Technical Analysis 📊*
- The price is currently above the MA(7), MA(25), and MA(99) lines, indicating a potential bullish trend.
- The volume is decreasing, which could indicate a potential reversal or consolidation.
*What to Expect? 🚀*
- If Bitcoin breaks above the recent high of $105,884.46, it could continue to rise.
- If the price drops below the recent low of $103,871.09, it could lead to further selling pressure.
*Trade Wisely 💡*
Be prepared for a potential breakout or reversal! The current price action and technical indicators suggest a significant move is possible. Stay alert and adjust your trading strategy accordingly.
