$BTC is trading around US$106,000. It recently broke below key moving-averages (e.g., around US$108,000) and is in a consolidation / correction phase.
DailyForex
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FXEmpire
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A key narrative: after a sharp drop from its highs, analysts view the current moment as either a last dip before a rally or the start of a deeper correction.
Cryptonews
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đŻ Key Levels to Watch
Support zone: US$100,000 â US$94,000. If US$100K fails, it may go as low as ~US$84,000.
DailyForex
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Resistance zone: Around US$115,000 â US$117,000. A breakout above this could rekindle bullish momentum.
BTCC
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Range compression: Price is getting âtrappedâ between ~US$100K and ~US$117K â this often precedes a big move.
BTCC
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đ What This Means
Shortâterm: Risk is skewed toward the downside unless support at ~US$100K holds. A breach could trigger a sharper drop.
Mediumâterm: If Bitcoin can regain momentum and clear resistance, the next leg up could target US$140K+ territory.
Brave New Coin
Sentiment & macro: With uncertain interestârate policy and regulatory environment, investor caution is elevated. Technical breaks reinforce that.
â Bottom Line
Bitcoin is at a critical juncture. The next move will likely depend on whether it can hold near support and rebuild confidence, or whether the breakdown accelerates. For traders and investors: keep a close eye on the support at US$100K and any breakout above US$115-117K â these may define Bitcoinâs direction for the coming months.
â ď¸ Disclaimer: This is a market commentary based on current information, not investment advice. Cryptocurrencies are high-risk and volatile.
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