$BTC Is hovering near $103,500, down from its all-time high of $112,000 on May 22, 2025. It recently tested support around $102,400-$104,000, a critical zone that has held since early May.

Support: Key support lies at $102,000-$104,000, aligning with the 20-day EMA ($106,211) and 50-day EMA ($103,110). A break below $102,000 could expose the psychological $98,000 level.

Resistance: Immediate resistance is at $110,000, a level that has capped upward moves since late 2024. A breakout above could target $112,000-$120,000.