1. Live Market Update
Bitcoin (BTC) is currently trading around $108,935, with intraday movement ranging between $108,213 and $109,480.
Multiple platforms agree that BTC has dipped just under $109,000, hovering in the $108,900–$109,100 range. CoinMarketCapBinanceCoinbaseTradingView
This aligns with recent analyses identifying support zones near $108,500 and potential drops toward $105,000.
2. Recap of Recent Price Action
Recent trading activity saw Bitcoin hit $110,532, a forecasted resistance level, before pulling back. That level was briefly tested with candlestick wicks, making it a key technical zone traders monitored as a buy opportunity.
3. Current Support & Resistance Zones
- Support: ~$108,500 (near current price) and ~$105,000 (deeper pullback potential)
- Resistance: ~$110,500–$110,532, previously hit; potential rally targets yet to be defined
4. Buying Strategy: Buy the Dip
Given the ongoing volatility and slight downward pressure, current levels—especially near $108,500—present potential buy-the-dip opportunities. If Bitcoin dips further, zones around $105,000 may offer even stronger accumulation points.
5. Anticipated Profit-Taking Levels
Previously flagged future peaks remain on the horizon. While not defined in dollar terms in the transcript, the strategy emphasizes taking significant profits at the next rise—anticipating a potentially strong pullback afterward.
6. Outlook
- Short-term: Watch for buying signals at or below $108,500
- Mid-term: Monitor breakout above $110,532 for upward momentum
- Long-term: Be prepared to take profits at the next peak—especially if BTC climbs toward or beyond prior all-time highs near $124,000
