✅ What’s Going On

$BTC is trading around ~US$106,000, having recently held above that level. 

• Technically, it is consolidating after a previous rejection near ~US$116,000. 

• On-chain/market sentiment is mixed: some bullish longer-term forecasts (US$120K to US$200K) but caution in the short term due to structural weakness. 

⚠️ Key Risks / Resistance

• The ~US$116,000 level (and above) remains a resistance zone; failure to break decisively may lead to a pullback. 

• Some indicators suggest a shift in structure toward bearish (or at least cautious) stance. 

• Macroeconomic/regulatory events (e.g., U.S. government shutdown ending) can strongly affect momentum. 

📊 What to Watch

• Support: Holding above ~US$100,000 is important for bulls. A break below may invite deeper correction. 

• Resistance / Breakout: A clean move above ~US$116K-US$120K could trigger next leg up.

• Momentum & indicators: RSI/MACD readings and large-holder behaviour (whales) will matter. 

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🔮 My Take (Opinion)

Bitcoin appears to be in a pause / gate-keeping stage. The market is deciding whether to resume a strong up-trend or drift sideways (or worse). If it holds support and breaks the key resistance, a rally toward the US$150K-200K zone is plausible (as many forecasts suggest).  Conversely, if the resistance holds and support cracks, a pullback toward ~US$90K-100K is possible.

BTC
BTC
92,169.54
+1.69%