After falling to 105,100 dollars, the price of Bitcoin has reversed and is now above 109,000 USD again. In contrast to the previous week, where slow movements predominated, the market has awakened in just a few hours and has risen quite rapidly. This type of impulse, while it may mark the beginning of a greater upward surge, often comes loaded with traps from large investors, so continuous monitoring of the price is necessary, detecting possible reversal patterns. The coming days will be key.
For the moment, the price has the indicators and price action in its favor on the 4-hour, daily, and weekly timeframes, and it faces the last resistance in its path.
Meanwhile, Bitcoin's dominance remains unchanged: above 65%.
$BTC what do you think???