The post Watch $112K and $107K for Big Moves appeared on BitcoinEthereumNews.com. 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 Stuck at $109K: Watch $112K and $107K for Big Moves 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.” Source: Ted/X 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.” His chart shows a range capped by $109,988 on the upside and $108,625 on the downside. Price has bounced between these levels without breaking out. Trading volume has eased compared to earlier, though occasional spikes appear when price tests the boundaries of the range. Bitcoin remains trapped between support at $107,000… The post Watch $112K and $107K for Big Moves appeared on BitcoinEthereumNews.com. 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 Stuck at $109K: Watch $112K and $107K for Big Moves 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.” Source: Ted/X 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.” His chart shows a range capped by $109,988 on the upside and $108,625 on the downside. Price has bounced between these levels without breaking out. Trading volume has eased compared to earlier, though occasional spikes appear when price tests the boundaries of the range. Bitcoin remains trapped between support at $107,000…

Watch $112K and $107K for Big Moves

For feedback or concerns regarding this content, please contact us at [email protected]

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 Stuck at $109K: Watch $112K and $107K for Big Moves

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, 

Source: Ted/X

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.”

His chart shows a range capped by $109,988 on the upside and $108,625 on the downside. Price has bounced between these levels without breaking out. Trading volume has eased compared to earlier, though occasional spikes appear when price tests the boundaries of the range.

Bitcoin remains trapped between support at $107,000 and resistance at $112,000. A close above the upper band could fuel a recovery, while a breakdown below support risks opening the door to a deeper correction. Until then, traders are watching for a breakout to set the next trend.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/bitcoin-stuck-at-109k/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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