Bitcoin Approaches Critical $106k Retest Amid Market Uncertainty
Bitcoin Approaches Critical $106k Retest Amid Market Uncertainty
Bitcoin is currently testing the critical $106,400 level, which has historically acted as a significant pivot point, serving as both resistance and support throughout the current market cycle. The article suggests that successfully clearing this level could lead to further price expansion, while a failure might necessitate a consolidation or 'repair phase' before any subsequent advance. The outcome of this retest is seen as a crucial determinant for Bitcoin's immediate price trajectory.
Bitcoin has treated $106,400 as a pivot across the current cycle, acting as both resistance and support. Price has repeatedly clustered near the level, cleared it on retests, and expanded toward the next channel bands, while breaks below the level often required a repair phase before any advance.