Bitcoin $BTC
is currently trading around US $105,000.
After a sharp drop in October — the worst month since January 2024 — BTC is now stabilizing.
Both support and resistance zones have become crucial as price tightens.
📉 Technical Points
Main Support Zone: Around $98,000 – $100,000.
If BTC breaks below this, further downside could open up.
Resistance Zone: Around $110,000 – $116,000.
A breakout above this could confirm bullish momentum.
Volatility is decreasing — meaning BTC is consolidating, possibly preparing for a major move.
🎯 What’s Next?
Bullish Scenario:
If Bitcoin breaks above $110,000-$116,000, the next target could be around $140,000.
Bearish Scenario:
If it falls below $100,000 support, BTC could dip to $90,000 or even lower.
✅ Conclusion
In short: Bitcoin is at a critical turning point.
If it holds above $100,000, we may see a rally — but if it breaks below, a deeper correction is likely.
Right now, a cautious, watch-and-wait approach is best.
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