Bitcoin Faces Critical Support Gap at $108,000-$113,000

In my assessment, Bitcoin currently faces a significant resistance zone between $108,000 and $113,000, with little to no support in this range. This lack of support could hinder its ability to sustain upward momentum if it approaches these levels, thereby increasing the risk of a potential pullback or correction.

Understanding this critical support gap is essential for traders and investors aiming to time their entries or exits. It suggests that unless Bitcoin establishes stronger support levels within this zone, it may struggle to push beyond these resistance points in the near term. Market sentiment and volatility could be heavily influenced by how Bitcoin interacts with these key price levels.

Given the current technical landscape, it’s prudent to approach long positions with caution and consider the possibility of increased correction risk if Bitcoin fails to find support within this range. Monitoring these price levels closely will be vital for positioning oneself strategically in the market.