#Bitcoin has broken out with strength, blasting past the $106K #resistance and now testing the $110K supply zone. This breakout came after a textbook reversal from the $103K–$104K demand zone, followed by steady accumulation and #bullish momentum.
Currently, price is consolidating just below $110K — if bulls manage to flip this level into support, we could see continuation toward new highs. However, rejection here could lead to a retest of the $106K level.
■ Key Zones:
Support: $106K
Resistance: $110K
Demand: $103K–$104K
Supply: $110K+
Are we about to see a full trend reversal or just a local top before more downside?