BTCUSD Buyers Aim to Reclaim Momentum at $108,550 Key Level

BTCUSD (Bitcoin) Pulls Back as Buyers Look to Regain Control

BTCUSD buyers are determined to reclaim momentum at the $108,550 key level. Bitcoin recently experienced a slight pullback, dipping to $102,720 after buyers initially pushed the price up to $103,720. Despite this minor decline, buyers remain focused on overcoming the significant resistance at $108,550, a critical hurdle in the ongoing bullish rally.

Bitcoin Key Levels

Resistance Levels: $103,720, $108,550
Support Levels: $102,720, $100,000
Bitcoin’s bullish momentum has been consistent since the beginning of the year, with buyers steadily driving prices higher from previous lows. However, the $108,550 resistance level has temporarily paused further upward movement. The pullback to $102,720 may provide an opportunity for bulls to regroup and prepare for another rally.

The Stochastic Oscillator shows the market approaching overbought conditions, suggesting that stronger momentum is needed for buyers to continue their ascent. Meanwhile, the Momentum indicator reflects sustained buyer activity despite minor pressure from sellers.

If buyers regain control, BTCUSD could reclaim $103,720 and set their sights on the $108,550 resistance level. A breakout above this level would confirm bullish dominance and create opportunities for further price gains. However, failure to hold above $102,720 could lead to a deeper retracement, with $100,000 serving as a crucial support level. Sellers may exploit any hesitation from the bulls, potentially triggering short-term declines.

Market Expectation

On the 4-hour chart, Bitcoin has responded to the $102,720 support level, with buyers attempting to regain control. The Stochastic Oscillator indicates growing seller strength, while the Momentum indicator shows signs of weakening.
If buyers can push the price above $103,500 in the short term, the bullish recovery may resume, targeting $105,000. Conversely, sustained seller pressure could cause BTCUSD to drop toward $101,000 before finding support. Crypto signals suggest close monitoring of market dynamics to anticipate the next movement.

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