Yigit Taha OZTURK 
The recent volatility in the cryptocurrency market has investors glued to their screens. After approaching a significant support level, Bitcoin showed a powerful reaction, triggering renewed momentum on the upside. As price action aligns closely with technical levels, short-term outlooks are gaining even more importance.
The current developments near critical thresholds may be decisive not only for direction but also for market sentiment.
Strong Bounce from a Key Support
Recently, Bitcoin pulled back to the 106,506$ level, where it found robust support. This level acted as a springboard, fueling a swift upward movement that brought the price back into technically significant territory.
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One area drawing particular attention is the bullish FVG zone (108,725$ – 107,972$) formed during this upward move. As long as the price remains above this zone, the potential for further gains remains solid.
What If the Zone Breaks Down?
However, caution is warranted. Should Bitcoin fall below the FVG zone, a retest of the 106,506$ support level becomes increasingly likely. Such a move could significantly impact short-term sentiment and decision-making among market participants.
Keeping a close eye on these levels and preparing for potential volatility is essential for traders.
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