🚨The price closing above the higher support, ideally above $105,000, will confirm a bullish grip. Traders are watching for an extension of the upward trend to reach $106,500 (resistance tested on Friday), and the seller congestion at $108,934, last tested on June 17.

On-chain and macro analysis by Axel Adler Jr. states on X that the selling pressure driven by profit-taking has eased, with sellers retreating and paving the way for investors to buy Bitcoin at lower levels. This has the potential to significantly drive Bitcoin prices higher while reducing the likelihood of a sharp decline.$BTC $ETH $XRP