Bitcoin - Weekend Outlook

BTC | 6h

Bitcoin is compressing below its all-time high, with 108k as the local resistance that must be reclaimed for a bullish continuation to retest the highs.

I expect the price to clear some poor highs around 108.8k–109.6k before taking out the bad lows around 106.3k-105.4k

As long as we hold above 104k, I believe we’re in a strong position and expect we will retest the highs.

However, losing the 103k support level would be concerning.