#MetaplanetBTCPurchase Bitcoin is currently consolidating around $106,600, having bounced off the $104k–105k demand zone confirmed multiple times over the past week .
Short‑term structure shows a bullish pin‑bar at $105k (long lower wick), signaling clear rejection into support .
The 50‑day MA crossed above the 200‑day MA (golden cross) and price rebounded strongly from the lower Bollinger Band — both consistent with upward momentum .
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2. Key Price Levels
**Support/risk management:**
~$105k keeps current bullish structure.
A deeper floor sits around $104k, aligning with a classic Fibonacci 0.618 retrace zone .
A break below $104k invalidates the bullish setup and risks a drop toward $101.7k
