🔍 Current Situation

$BTC

is trading around USD $103,000–106,000.

It recently retested support near ~$99,000 and bounced back.

There’s resistance overhead around $106,000‑110,000 where upside may run into friction.

✅ What looks positive

The $99K zone held, which suggests a meaningful support area.

The long‑term narrative (scarcity, institutional interest) remains intact.

⚠️ What to watch / risks

Momentum is weak: The RSI and other indicators are not showing strong bullish divergence.

If Bitcoin fails to break above the $110K resistance zone, it might consolidate or pull back.

🎯 My near‑term expectation

If the price breaks and holds above ~$110,000, one could see a push toward ~$114,000+ in the short term.

If the resistance holds and momentum stays weak, the price could drift back toward the ~$100,000 support or even slightly below.

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BTC
BTC
89,980.9
+0.05%