A quick and clear breakdown for anyone holding, trading, or just watching the $BTC chart.
📍 Current Price: $103,470
Bitcoin is moving sideways... but this isn’t just market boredom. It’s a classic setup before something big happens.
Here’s what you need to know 👇
🧱 Support & Resistance
BTC is trading between $103.4K (support) and $105.6K (resistance).
This range is forming a symmetrical triangle— a pattern that often leads to explosive breakouts.
📊 RSI (Relative Strength Index): ~44
Not overbought. Not oversold.
This means BTC still has room to move in either direction. The market is waiting.
🔁 MACD: Flat
No strong momentum from bulls or bears — yet.
But in crypto, flat MACD after consolidation often means a **big directional move** is brewing.
💣 Bollinger Bands Tightening
Low volatility = price compression.
When BTC coils like this, a breakout (or breakdown) is usually not far away.
📈 Bullish Scenario:
If BTC breaks $105.6K with volume, next stop could be $112K+.
This would attract trend traders and give bulls a fresh wave of confidence.
📉 Bearish Scenario:
If BTC loses $103.4K, we might retest $100K.
That’s still a strong support zone, but losing it could shake some hands.
🎯 What Should You Do?
Traders: Wait for breakout confirmation. Don’t trade inside chop zones.
Long-term investors: Zoom out — BTC is still in a post-halving macro bull trend.
Degens: Tight stops. No hope-trading. Be safe out here 😂
✅ TL/DR
Bitcoin is coiling. A big move is coming.
Watch $103.4K (support) and $105.6K (resistance).
Don’t chase noise. React to the breakout.
💬 What’s your $BTC game plan this week?
Comment below 👇