Bitcoin price rebounded from $107,500 support and is testing resistance near $110,000–$112,000; a decisive breakout above this zone would likely target $115,000–$118,000, while failure to hold $106,000 may open downside to $100,000.
BTC trading near $108,734 with resistance at $110K–$112K
RSI 14 at 38.24 and negative MACD show sellers controlling momentum.
Support sits at $106K–$107K; breakout above $112K could target $115K–$118K.
Bitcoin price update: BTC rebounds from $107.5K support, testing $110K–$112K resistance — monitor breakout for targets to $116K. Read now for levels and outlook.
What is the current Bitcoin price outlook?
Bitcoin price has rebounded from the $107,000–$107,500 support zone and is testing resistance between $110,000 and $112,000. Trading near $108,734, BTC remains inside a descending channel; a confirmed breakout above $112,000 would shift the near-term outlook bullish toward $115,000–$118,000.
How does the channel structure affect short-term direction?
The channel shows lower highs and lower lows, confirming short-term bearish structure. The recent bounce from the channel bottom near $107,000 suggests buyers remain present at that floor. If BTC reclaims mid-range resistance and closes above $112,000, momentum could accelerate toward analyst targets near $116,000.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Bitcoin rebounds from $107,500 support, testing $110K–$112K resistance, with analysts eyeing a possible push toward $116,000.
Market context: Bitcoin slipped to nearly $107,500 before buyers stepped in at channel support. Price action remains contained within a descending channel, and short-term direction depends on whether BTC can reclaim resistance and flip it into support.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/bitcoin-may-test-110k-112k-after-rebound-from-107500-breakout-could-target-116000/