Bitcoin
Updated

Bitcoin (BTCUSD) – Support Retest & Bounce Likely

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BTC has pulled back after a strong upward move and is now approaching a key support zone near $107,150 – $107,000. This level has previously acted as a breakout zone and now may serve as a strong demand area.

🔄 Scenario Building:

Price is coming down to retest the former resistance (now turned support).

If the support at $107,150 – $107,000 holds, a bounce back toward $107,800 – $108,000 can be expected.

Structure suggests bullish continuation if buyers step in around this zone.
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