Watch $112K and $107K for Big Moves

Key Insights:

• Bitcoin holds near $109K, traders eye $112K resistance and $107K support for decisive breakout.
• Range-bound action shows BTC consolidating between $109,988 and $108,625, with volume fading on low timeframes.
• Analysts warn reclaiming $112K sparks uptrend, while breaking $107K risks correction toward $105K–$102K zones.

Bitcoin (BTC) was trading at $109,355 with a 24-hour volume of $43.15 billion. The price has slipped 0.24% in the past day and is down 6% over the week. The market is quiet, with traders watching for a clear signal on the next move.

Analyst Ted noted that Bitcoin is holding near $109,000, a level that has acted as a pivot in recent days. 

He said, 

“I’m not expecting much activity over the weekend. If Bitcoin shows some volatility, $112K and $107K are 2 crucial levels.”

Key Levels to Watch

Ted pointed to $112,000 as the near-term resistance. He added, “A reclaim of the $112,000 level will start an uptrend.” A break above this mark could bring targets at $113,400 and $117,400, with scope to test $124,000 if momentum grows.

On the other side, $107,000 stands as the main support. Ted warned, “A dump below $107,000 will start a bigger correction.” Should that level fail, traders may look to $105,800 and then the $103,400–$102,000 zone as the next demand areas.

Range-Bound Action on Short Timeframes

Altcoin Sherpa  described Bitcoin’s short-term action as sideways. He wrote, “$BTC range on low time frames.”