🔵Bitcoin is trading around $107,400 after rebounding from a low of $99,500. Bulls are confidently holding the price above $106,000, but the resistance zone between $108,600 and $109,000 is starting to cap further upside. Oscillators point to weakening momentum, while narrowing Bollinger Bands suggest a potential consolidation phase before the next move.
🔵Short-term support lies at $105,300 and $103,900. If BTC manages to break above $107,600 with volume, a rise toward $109,870 and beyond is possible. However, weak RSI and declining ADX indicate that an upward breakout is not yet guaranteed.