He further states that if the liquidity building is about $ 105.5k, a sweep to $ 103k is probably. The Spotbuy zones are successively at the level of $ 103k, with further safety nets below $ 100k.
That said, psychological elements such as geopolitical stability, especially in the Middle East, can stimulate the appetite for the risk and cause a breakout momentum. If Bulls releases $ 107k, an upward movement to $ 108k could be on the horizon, which could possibly open the gates for $ 110.5k.
Also read our Bitcoin (BTC) Price forecast 2025, 2026-2030 for long-term price forecasts.
FAQs
Resistance is $ 107k – $ 108.9k, while support zones are around $ 105.5k and $ 103k.
It indicates that traders expect volatility and are strongly skewed towards the upward in the short term.
Only if the support of $ 105.5k and $ 103k failed, would there probably be a movement under $ 100k and liquidity -controlled.