BTC Holds Above Support but Faces $109k Resistance
BTC managed to stay above its prior resistance level and closed with daily Volume just barely over the yellow moving average line. This is a good sign, but the next major hurdle is the $109k zone, which combines TBO Resistance and horizontal price resistance. If BTC respects this level without breaking it, a retracement down to $98k is likely over the next couple of weeks. The good news is that this structure still resembles a Bull Flag, and while flags consolidate, they typically lead to bullish outcomes in the long run.
Flat Trend Signals Choppy Conditions Ahead
Despite BTC’s position above the daily TBO Cloud keeping its status…
