Bitcoin has now reached the $104K level, confirming that it remains at the center of the market despite ongoing market volatility.
The current price reflects increased interest from institutions and ETFs, and investors' desire to capitalize on every correction as a long-term bull market.
⚙️ Why is $57432815063 still going strong?
- Limited supply: only 21 million.
- Increasing global institutional adoption.
- Strong technical support at the $100K–$104K levels.
- Massive liquidity inflows from US ETFs.
📉 Current Analysis:
- Key support: $104,000
- Next resistance: $108,000–$112,000
- A break in either direction could determine the next move: towards $120K or a return to testing $100K?
💬 The question now is: Is this a new entry opportunity before the next price explosion?
And don't expect temporary profit-taking and a corrective decline?
Bitcoin has continued to hold at $104,000 on every 4-hour retest. This morning, we saw a 4-hour close above the $105.5,000 resistance level (the week's opening). So far, Bitcoin has fallen below $106.8,000 (orange line), which we know has been a key support/resistance level throughout this range.
I still believe that Bitcoin will not fully recover from its short-term problems until it reclaims this level. If the optimists are right, any retest of $105,000 - $104.5 in it