$BTC is trading around US $105,000 – 106,000.
Technically, the price is under pressure: it recently failed to decisively break above a key resistance near ~US $106,700.
On the downside, the major support around ~US $100,000 is under threat. A break could lead to a sharper drop.
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✅ Potential Upsides & ⚠️ Risks
Upsides:
If Bitcoin breaks above the resistance (~US $106,700) with momentum, it could resume a bullish move and target higher levels later in 2025.
Some analysts believe that having undergone large liquidation of leveraged positions, Bitcoin may have better upside potential over the medium term.
Risks:
If support around ~US $100,000 fails, technical indicators point toward a potential drop as far as ~US $74,000.
Lack of strong buying volume and weak on-chain signals (e.g., declining momentum) suggest the current bounce may be short-lived unless reinforced.
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🔍 My Summary
Bitcoin is at a pivotal juncture:
Bull scenario: Hold above ~US $100,000, break above ~US $106,700 → potential rally resumes.
Bear scenario: Break below ~US $100,000 → deeper correction likely, possibly toward ~US $74,000.
Given the mixed signals, it’s a time for caution and close monitoring, especially for near-term traders.
#USGovShutdownEnd? #BinanceHODLerALLO #StrategyBTCPurchase #StrategyBTCPurchase #US-EUTradeAgreement
Technically, the price is under pressure: it recently failed to decisively break above a key resistance near ~US $106,700.
On the downside, the major support around ~US $100,000 is under threat. A break could lead to a sharper drop.
---
✅ Potential Upsides & ⚠️ Risks
Upsides:
If Bitcoin breaks above the resistance (~US $106,700) with momentum, it could resume a bullish move and target higher levels later in 2025.
Some analysts believe that having undergone large liquidation of leveraged positions, Bitcoin may have better upside potential over the medium term.
Risks:
If support around ~US $100,000 fails, technical indicators point toward a potential drop as far as ~US $74,000.
Lack of strong buying volume and weak on-chain signals (e.g., declining momentum) suggest the current bounce may be short-lived unless reinforced.
---
🔍 My Summary
Bitcoin is at a pivotal juncture:
Bull scenario: Hold above ~US $100,000, break above ~US $106,700 → potential rally resumes.
Bear scenario: Break below ~US $100,000 → deeper correction likely, possibly toward ~US $74,000.
Given the mixed signals, it’s a time for caution and close monitoring, especially for near-term traders.
#USGovShutdownEnd? #BinanceHODLerALLO #StrategyBTCPurchase #StrategyBTCPurchase #US-EUTradeAgreement
