Bitcoin found solid support around the $100K–$102K zone, aligning with a key Fibonacci cluster.
The bounce has pushed price back above $106K, while the RSI climbed to 54.12, signaling renewed strength without overbought conditions. If bulls maintain momentum, key resistance levels lie around $110K, $112K, and $119K.
Therefore, this recovery from strong support—combined with healthy momentum—could fuel a retest of higher Fibonacci extensions in the near term.
Conclusively, BTC’s recent price stability above $100K is not accidental—it is supported by declining miner outflows, rising Open Interest, and deep on-chain accumulation.
The convergence of reduced selling pressure, record-high scarcity, and technical recovery sets a strong stage for the next bullish phase.
