As of now, Bitcoin is trading between $107,654, hovering near the top of its established short-term range. Holding above $105,000 for two consecutive days would likely confirm a bullish structural shift and increase the chances of further gains.
Immediate resistance lies around $110,000. A clean break above this level could see the price climb toward $114,000 – $120,000, while extended forecasts suggest potential highs at $140,000.
Some long-term bullish scenarios even point to the $1 million mark, though such targets remain speculative.
Support levels to monitor include $106,600, which aligns with short-term trendlines and volume clusters.
A failure to hold above this could see Bitcoin retest $105,000 or $103,000, particularly if macro data disappoints.
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