$BTC
#SwingTradingStrategy #XSuperApp #BTC #Here is a comprehensive update on Bitcoin now:
Bitcoin is currently trading at approximately $106,014
🔍 Technical analysis and recent news
The currency has seen an increase of over +1% in the past few days, within a range of $104–110k, driven by strong demand from institutional investment funds and geopolitical developments.
The main current resistance levels are at $105,500 (near resistance) and $106,150 at the Fibonacci level, breaking through these may push the price towards $108–110 thousand.
On the downside, immediate support is around $104,200–$103,500, and if the price of Bitcoin drops below this range, $102,000–$100,000 is considered an important psychological line.
🗺️ Technical outlook
The momentary movement is within an upward sloping range, but strong resistance may delay further gains until it breaks and stabilizes above $106,150.
At the same time, corrective liquidity continues to be supported by support levels between $104–$103k, leading its movements towards a sideways trading pattern with the potential for a medium-term upward trend.
✅ Quick summary
Short-term: Sideways movements between $104–$106k, with the possibility of breaking resistance for an upward move towards $108–$110k.