Bitcoin Key Support and Resistance Levels Signal Potential Market Reversal

The daily overview of Bitcoin presents a focus on the Liquidity Heatmap: - The first critical level is around 104,480, which remains within the wedge. A high volume at this level could cause the price to bounce back up to 106,844. - If this area does not attract significant volume, a deeper correction might commence. Paying close attention to the lower liquidation zones will be essential. A particularly important region is between 105.6k and 105.8k, which has previously absorbed substantial volume during liquidation events and now acts as a key battleground between bulls and bears. Currently, BTC remains below this pivotal level. The next steps involve observing how the market responds — whether it will reverse or break through this resistance. ### Key levels to watch: - Bullish targets: 105583, 106407, 108000, 108955 - Bearish targets: 104545, 103975, 102380, 101425 The liquidity heatmap shows levels above: 106844, 107655, 108950, 109820, and below: 104480, 103040, 102175, 101165. Market trend indicator suggests a shift from decline to potential rise. Fundamentals & Growth: the scores indicate a mixed sentiment with some downward pressure. This outlook emphasizes close monitoring of these levels to gauge the market's direction and potential volatility.