đ $BTC Watch: Is $107K the Next Stop or $120K the Target?
â„ CryptoQuant analysts donât expect major volatility until Fridayâs US macro data (PCE).
â„ Currently, $BTC is trading on Binance around $12500. Key support is near $107,000, while one of the most important resistance ranges is $118,000 - $122,000.
â„ All eyes are on US macro data later this week. If inflation and labor market numbers come in higher than expected, BTC could pull back to $107,000. If the data is softer (inflation easing), thereâs a chance for a move up to $120,000.
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