BitcoinLong
Bitcoin Eyes $107K: Key Levels to Watch
Bitcoin is showing bullish momentum, breaking through the key intraday resistance around $102,000. However, given the weekend, I am keeping my expectations realistic.
1. Ideally, I’d like to see either (A) a quick dip below $101,662 followed by a prompt recovery, or (B) sustained price action above $101,662. Both scenarios would significantly increase the likelihood of a bullish move toward the critical resistance at $107,000 in the coming days (as per the green projections).
2. Conversely, a drop below $98,984 could lead to choppy price action, a considerable slowdown in momentum, and a high probability of retesting the $94,650 level.
1. Ideally, I’d like to see either (A) a quick dip below $101,662 followed by a prompt recovery, or (B) sustained price action above $101,662. Both scenarios would significantly increase the likelihood of a bullish move toward the critical resistance at $107,000 in the coming days (as per the green projections).
2. Conversely, a drop below $98,984 could lead to choppy price action, a considerable slowdown in momentum, and a high probability of retesting the $94,650 level.
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