$BTC

In the last four hours, Bitcoin has shown notable volatility, with a slight increase in its price, reaching levels close to 106,000 dollars. However, signs of exhaustion are observed, suggesting that the bulls may face difficulties in maintaining the momentum. Despite this pullback, the analysis indicates that there is no immediate risk of a "double top," which could allow BTC to continue searching for new resistances. Traders are attentive to Bitcoin's ability to surpass the barrier of 110,000 dollars, which could define its short-term trend.

Technical analysis reveals that Bitcoin has formed an ascending structure on the 4-hour chart but has encountered resistance just below 109,000 dollars.