Bitcoin dey for Key Resistance, $105,799 & $28,500 dey Watch
Bitcoin price don try many times but e nor fit break key resistance levels for recent sessions, first near $110,000 and more recently around $30,000. Technical indicators like RSI and MACD still dey neutral, e mean say momentum no too strong. On-chain metrics show say miner dem dey sell small more, but funding rates and implied volatility still low. Short-term holders wey dey track by 1-week to 1-month UTXO age bands dey continue to defend support zones for $105,799 and $28,500. Na solid close above these resistance points wey dem need to confirm bullish breakout. For long term, the coming halving, rising institutional interest, and possible ETF flows fit be catalyst for Bitcoin price. Traders suppose keep eye for order-book depth and key levels to see if rally go start again or if consolidation go continue.
Neutral
Bitcoin don dey try major resistance many times but no succeed, wey show say short term bullish confidence no too strong. Di price don bounce back to correct support zones for $105,799 and $28,500, mean say holders dey protect key levels, but di neutral RSI and MACD readings show say momentum no too dey. On-chain signals like miner selling and low funding rates reinforce di cautious approach. All these things point to balanced outlook, no clear direction. But medium-term factors like halving event, institutions dey adopt, and possible ETF inflows fit change the mood to bullish if market get momentum again. Traders suppose dey alert for breakout pass resistance or any failure wey fit make consolidation longer.