Technical Analysis of Bitcoin (BTC) 📊

The current price is hovering around $107,500 amidst clear volatility. The technical indicators remain relatively positive, with the price trading above the 50-day average, and the RSI indicator close to 60, indicating moderate momentum.

📌 Supports:

$105,000

$102,500

📌 Resistances:

$110,000

$112,500

If the resistance at $110,000 is broken firmly, we may see a rise towards $115,000. However, a break of support at $105,000 could push the price back towards $102,500.