Puppies hold the line at $100 a kg, but is it a drag feed?

It remained largely unchanged on the daily chart, showing stability after recent swings. Near $104,000, it is in a tight range with strong firm holdings. The short-term support zone is an area that is frequently used to take a cushion during market swings.

In addition, this zone is measured from the decline that started from the end of October. Historically, this level often acts as a level of skepticism when traders decide whether to continue holding higher or take profits.

At the top of the current range, Bitcoin has found major resistance between $109,400 and $112,400. From this level, it is suggested to break through the start of the parade and open the door to the high targets llamas.

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They support it with $100,000

Bitcoin continues to find strong demand near the $100,000 mark. This area combines several technical supports, including the 55-week movement. It is also lower than June, which was declared as the basis for the previous applicants.

According to the inside analysts, the current recovery from support shows some strength, which is not as sharp as the previous rallies of this year. For the trend to reverse sufficiently, the trend must again break cleanly above the 112,400 resistance zone.

A short-term view: side-by-side paths with the Kadia bias

In the short term, Bitcoin seems to indicate between the level of communication and resistance. The price is <ሜካኒካዊ> Fibonccci resistance, but the price responded based on a strong record and not in full control.

It is not surprising to see the lower end of the support zone, but a drop below 100,700 to $96,000 and $90,000 is possible. On the other hand, a sustained high above $109,000 indicates renewed strength and can push Bitcoin to new heights.

For now, the crossover remains the medium. There are no clear signs of the “market”, but the lack of strong volume prevents the confirmation of a new peak level.