Current status:
$BTC Bitcoin is trading in the ballpark of $103,900 USD.
Technical signs are mixed — both caution and opportunity are visible.
What’s working for BTC:
A falling wedge formation has formed after the drop from ~$126,000 to ~$106,000; this is often a bullish setup, signalling a possible rebound.
Analysts suggest if Bitcoin can hold above ~$105,000–$108,000 (which corresponds roughly to the 200-day EMA/resistance), it could rally further.
What’s risky / to watch:
Key support near $100,000 USD is very important: a break below could trigger a deeper correction.
The 200-day EMA at around ~$108,000 is acting as resistance. Failure to clear that level means upside is limited for now.
Outlook (short term):
If BTC clears above ~$108,000 with good momentum → a move toward ~$120,000+ becomes more plausible.
If BTC fails at resistance and breaks below ~$100,000 → risk of a drop toward ~$90,000 or lower.
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