Yigit Taha OZTURK 
The cryptocurrency market is regaining momentum, and all eyes are once again on Bitcoin (BTC). After showing a strong rebound from the support zone between 98,736 and 97,310 dollars, BTC is now trading within a crucial resistance range of 102,961 to 101,984 dollars.
This area represents more than just a technical ceiling—it’s a psychological battleground for short-term traders.
Key Levels to Watch for a Move Toward 105,000 Dollars
According to analysts, if this resistance is clearly broken with 4-hour candle closes, a move toward 105,000 dollars could be on the horizon. Such a breakout would indicate renewed buying pressure and potentially signal the start of a short-term bullish wave.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
However, if the resistance holds, a pullback toward the previous support zone—between 98,736 and 97,310 dollars—remains likely. Low trading volumes could increase the probability of this downward scenario.
What Should Traders Consider?
Traders are advised to proceed cautiously at current levels. Here are the critical takeaways:
- Monitor the 101,984 – 102,961 dollar range closely
- Watch for confirmation via 4-hour candle closes
- Keep an eye on 97,310 as the next potential support if a pullback occurs
Volatility remains high, and traders should stay alert for rapid price swings in either direction.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.