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Bitcoin is experiencing heightened volatility as it tests key resistance levels near $109,000. Bulls remain in control, but a decisive breakout above $112,000 is needed to confirm the next upward trend. Analysts highlight strong support at $105,000 and a potential bullish expansion phase.
- Bitcoin is testing critical resistance at $109,000 after bouncing from $105,000 support, with bulls aiming for a breakout above $112,000.
- Technical analysis shows repeated bullish rebounds from the 50-day and exponential moving averages, reinforcing the uptrend.
- A confirmed breakout could spark a broader crypto rally, while failure may lead to a retest of $103,600 support amid profit-taking.
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