BTC rebounds strongly, breaking through key resistance or starting a new round of rise
BTC is showing strong upward momentum and is currently trading at $107,031.25, up +1.57%. The price rebounded sharply from the 24-hour low of $103,333.00, indicating that fresh buyer power is entering the market. Bitcoin has tested recent highs at $107,058.55 and is currently facing a key resistance zone near $107,793.07. This resistance level is crucial and, if broken, could open the door for further price gains towards $108,500 or higher.
Key technical level
Resistance: $107,793.07 – A break above this level could spark fresh upward momentum and attract more buying interest.
Support: $106,368.45 – Sustaining this support is critical to maintaining the current bullish structure.
In the past 24 hours, the market has traded 35,724 Bitcoins, indicating a significant increase in investor interest and market activity. As Bitcoin consolidates its short-term gains, traders should keep an eye out for a break above current resistance levels. Meanwhile, any pullback toward support could provide new entry opportunities for the next leg of the advance. Market sentiment is heating up, and smart trading decisions and keen market sense will be the key to success.
