$BTC $PEPE

#BTC If the price continues to rise above 110,000–112,000 with high trading volume, it may head towards 120,000 dollars and beyond.

However, if it falls below the level of 104,000 (or 102,000–100,000 dollars), we may see a correction to the range of 90,000–98,000 dollars before securing support again.

#PEPE‏ Technical Analysis

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On the intermediate timeframe (4 hours), the price is trying to recover from the lowest level around 0.00000000977 and is rising towards the average of the Bollinger Bands. It has recorded a sharp weekly decline (~‑15%) which could be interpreted as a "corrective bounce".

The support to watch is near 0.0000000097, while the local resistance is at 0.0000000104–0.0000000115.