Bitcoin’s $108K Resistance: Is a Breakout Around the Corner?
Bitcoin is holding steady at $107,000 with strong buyer defense at $106,000. Momentum remains bullish. With buyers stepping in on dips and volume spikes supporting upward moves.
A breakout above $107,500 could push prices to $108,000 or higher, but resistance between $107,500 and $108,000 might trigger profit-taking without sustained buying volume. Moving averages and oscillators highlight a strong uptrend, yet caution is advised as overbought signals emerge.
Traders should monitor volume at resistance zones, as a breakout could pave the way to $110,000, while a pullback toward $105,000 remains a risk if sellers dominate.
Clever Robot News Desk 19th December 2024
