BTC Analysis: Key Levels and Trends to Watch

Current Price BTC

Bitcoin is trading near $97,430, down 4.88% from its recent high of $102,783, signaling resistance at higher levels.

Support & Resistance:
Support:
$60,491 (key demand zone).
Resistance:
$107,261 (critical upper resistance).

Volume:
Decreasing volume in recent months indicates reduced momentum, with $60,491 as the strongest volume-supported level.

Scenarios:
Bullish: Breaking $107,261 could push Bitcoin toward $120,000.
Bearish: Losing $87,500 may lead to a drop to $60,491.

#Bitcoin
’s macro trend remains bullish as long as $60,491 holds. Monitor $87,500 as a key level for downside protection, with targets in the $104,000-$107,000 range for the short term.