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Bitcoin is attempting to reclaim the crucial $110,700 resistance level after a 4% bounce from recent lows. Analysts suggest this technical battle could determine whether BTC stages a final leg up or faces a deeper correction. The cryptocurrency’s next moves may signal whether the bull market peak is just weeks away.
- Bitcoin must close above $110,700 to confirm a meaningful rebound and target $113,500, according to technical analysis
- The $108,000 level serves as a crucial bounce point for bulls, with failure potentially leading to a correction to $98,000
- Current bull market is 145 weeks into cycle, suggesting potential peak within 2-7 weeks if following historical patterns
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