Bitcoin Price Update📊 Bitcoin Price Update: Key Resistance Zone Between $110K and $111.7K — Range-Bound Potential Ahead
As previously mentioned, Bitcoin's price action suggests that a break above $106,355 would signal the start of a bullish trend, and so far, we've seen upward momentum maintained while staying above $107K.
Now, Bitcoin has reached a critical resistance zone between $110,246.83 and $111,782.11. This area presents a potential for market hesitation, as it aligns with a strong resistance level. Given the significant movement over the past few days, it’s possible the market may enter a range-bound phase as it consolidates and structures itself for the next move.
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📉 Possible Short-Term Range:
Range Between: $110,246.83 to $111,782.11
Expect possible sideways consolidation before continuing the trend
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📈 Bullish Continuation:
As long as Bitcoin remains above $107K, the bullish trend remains intact
Break above $111,782.11 may signal continuation toward higher targets
