Two key support levels for Bitcoin price to watch this week

In short

Although Bitcoin has ended its downtrend, it still faces potential pullbacks, with key support levels at $103,700 and $95,600.

Selling pressure from long-term holders (LTH) could push Bitcoin down to $103,700; if it fails to hold this price, it may drop to $95,600.

A bullish market shift could drive Bitcoin to break through the resistance level of $106,265, with a target price of $108,000, invalidating the bearish outlook.