Yigit Taha OZTURK 
The crypto market’s attention is once again on Bitcoin, which recently broke above a key resistance but couldn’t hold higher levels. As bulls and bears battle for short-term control, the price is now hovering near a crucial technical zone.
Rejection From $109,400 Resistance Level
Over the weekend, Bitcoin broke past the previously highlighted $108,791 resistance and surged to $109,400. However, this level acted as a strong resistance, prompting selling pressure and a pause in the upward momentum.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
If BTC manages to close above $109,400, the likelihood of a move toward the psychological $110,000 mark increases significantly. Such a breakout would signal renewed bullish strength.
$108,791 Turns Into Key Support
In contrast, failure to sustain above resistance could lead to a retest of the $108,791 level, which now serves as a key support. A breakdown below this level may open the door for a deeper correction toward $108,000 or even lower.
Traders are advised to closely watch these levels as price action near them may define the next short-term trend in Bitcoin.
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.