In our previous update, we mentioned that BTC needed to break above the $117K resistance to continue its bullish momentum โ otherwise, a rejection from that level could push price back toward the $107Kโ$108K support zone.
โ And thatโs exactly what happened! Currently, Bitcoin is trading right around $108K, holding above the lower trendline of the rising channel.
Whatโs next? ๐ข If $107Kโ$108K support holds, we can expect a strong bounce from this zone. ๐ด But if $107K breaks, downside could extend toward the $100Kโ$102K region before any recovery.
Market structure still intact โ this zone remains the key battleground for bulls and bears โ๏ธ
Stay alert. Stay patient. Pin our channel at top for More accurate updates ๐น