Bitcoin (BTC/USDT) – Daily Chart Analysis.

Bitcoin (BTC/USDT) – Daily Chart Analysis

Bitcoin has tested the overhead resistance and is currently retracing towards the $104k–$105k support area.

Moving Average (MA 25):
The price is slightly above the moving average, indicating that the medium-term trend is still bullish but faces resistance.

Pattern Formation:
There is a clear breakout from the inverted “V” pattern, and now the price appears to be retesting the breakout zone.

Scenario:

If BTC maintains support at ~$105k and bounces off again, a potential push towards $112k—$115k can be seen.

If the support fails, a deeper pullback towards $100k or below could occur.

Thanks for your support!

DYOR. NFA