Bitcoin price is struggling to clear the $107,200 resistance zone and is currently undergoing a downside correction, potentially revisiting the $100,000 support zone. It trades below both $104,500 and critical hourly moving averages, with a bearish trend line providing resistance at $103,650.
Although BTC briefly surpassed $106,000, resistance near $107,200 has caused a correction, dipping below $105,000, $104,500, and key moving averages. Potential upside has support at $103,500, with resistance at $104,500. However, failure to rise above $104,000 could lead to further losses, possibly reaching $88,500.
Sumber: www.newsbtc.com ↗