BTC is currently holding above the key resistance-turned-support zone of $106,057, after a clean breakout from the symmetrical triangle last week. Price is consolidating just below $107,000, signaling a potential pause or minor pullback before the next leg.
Technical Overview:
Trendline support from May is intact
$106K zone flipped into support — critical for bulls to hold
Price action is compressing under resistance at $107,000
Holding here may lead to a retest of $108,895, then $111,785
Key Levels to Watch:
Support:
$106,057 – Immediate support
$101,409 – Mid-range demand zone
$98,898 – Rising trendline
$93,343 – Strong base zone
Resistance:
$107,000 – Minor resistance
$108,895 – Major resistance
$111,785 – Upper breakout target
Outlook:
Bulls need to defend the $106K zone to maintain momentum. Failure to do so could cause the price to pull back toward $101K. On the flip side, strong volume above $108900 may trigger a rally toward $111K+.
DYOR | Not Financial Advice
Technical Overview:
Trendline support from May is intact
$106K zone flipped into support — critical for bulls to hold
Price action is compressing under resistance at $107,000
Holding here may lead to a retest of $108,895, then $111,785
Key Levels to Watch:
Support:
$106,057 – Immediate support
$101,409 – Mid-range demand zone
$98,898 – Rising trendline
$93,343 – Strong base zone
Resistance:
$107,000 – Minor resistance
$108,895 – Major resistance
$111,785 – Upper breakout target
Outlook:
Bulls need to defend the $106K zone to maintain momentum. Failure to do so could cause the price to pull back toward $101K. On the flip side, strong volume above $108900 may trigger a rally toward $111K+.
DYOR | Not Financial Advice
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.