BitcoinUpdated Bitcoin Price Analysis: Resistance at 105K – Pullback Incoming?
Key Observations:
1. Resistance at 105,200 - 105,400:
The price has reached a resistance zone near 105,200 - 105,400 (marked by a red arrow).
Previous price action suggests rejection at similar levels.
2. Potential Bearish Move:
A blue arrow indicates a possible pullback.
The price could form a lower high and drop toward support.
3. Support Levels:
104,400 is the first key support level.
If it breaks, Bitcoin may decline further toward 104,000 or lower.
Conclusion:
Bearish Scenario: If Bitcoin fails to break above 105,400, a pullback toward 104,400 or lower is likely.
Bullish Scenario: A breakout above 105,400 could push Bitcoin higher
Trade closed: target reached
🎯 Analysis Hit Successfully! 🚀🔥
Big shoutout to all my followers! Our prediction played out perfectly—Bitcoin followed the expected pattern and dropped just as analyzed! 📉💥
Thank you for trusting the analysis. Stay tuned for more sharp insights! 📊📈
Drop a 🔥 in the comments if you caught this move! 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.