📊 Market Overview
Bitcoin (BTC) is currently trading near $106,000, after retesting the $99,000 support zone over the weekend.
The market has shown some hesitation as sellers (bears) briefly took control, but the support remains intact for now.
Traders are watching closely as BTC consolidates between $99K–$110K, awaiting a clear breakout direction.
---
🔍 Technical Analysis
Support Zone: $99,000–$100,000 — if this area breaks, BTC could fall toward $95,000.
Resistance Zone: $116,000 — a breakout above this could trigger a rally toward $120,000+.
Indicators: RSI and MACD are neutral to slightly bullish, suggesting momentum is building but not yet confirmed.
---
🧭 Macro & Sentiment Factors
Institutional interest and Bitcoin spot ETFs are providing long-term bullish sentiment.
However, short-term volatility remains high, especially if negative news or macro pressure hits the market.
Traders should watch how BTC reacts near the $100K level, as it could define the next major move.
---
✅ Summary
Bitcoin is at a critical juncture — holding above $99,000 could ignite a new bullish wave, while losing that support might open the door to deeper corrections.
Short-term investors should monitor support and resistance levels closely and plan entry/exit points in advance.
---
Would you like me to add a 3-month Bitcoin price prediction chart with possible scenarios (bullish, neutral, bearish)?
