Bitcoin (BTC) is currently trading at $105,909.21, showing a slight upward movement of +0.60% over the past 24 hours. The 24-hour high and low are $106,488.14 and $104,964.14 respectively, reflecting tight range trading. The chart shows BTC bouncing from support levels near $103,627 and reclaiming short-term moving averages, with MA(7) at $104,723.75 and MA(25) at $106,231.29. Momentum indicators suggest a possible shift in trend: MACD is still negative (-504.65) but shows signs of convergence, and volume is stabilizing around 3.83K BTC. If Bitcoin can close above $106,500 with increased volume, it may test resistance at $108,269 or even the recent local high of $111,980. On the downside, failure to hold above $104,700 could lead to a retest of $103,627 or lower support near $98,986. Overall, BTC appears to be in a short-term recovery phase, but confirmation will depend on volume and sustained price action above key resistance.
