Bitcoin Price Bounces Back: Bulls Eye New Upside Leg 📈
Bitcoin price saw a fresh decline, testing the $103,200 zone, but has since rebounded. Currently trading near $105,800, it aims to move above the $106,800 resistance. A break above a key bearish trend line has been recorded, suggesting potential increases.
After failing to clear $110,000, Bitcoin saw declines below $107,000 and $106,000, even dipping beneath $104,000. However, it is recovering, having moved above the 23.6% Fib retracement level from the recent decline.
Resistance levels stand at $106,750 and $107,500, with a possible test of $108,000. Conversely, failure to rise could trigger another decline toward $104,200 and potentially to the main support at $100,000.
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