Bitcoin dey for Key Support $106K/$98K, E Face Resistance for $108.9K
Bitcoin dey consolidate around $108,000 after e dey fluctuat between $98,000 and $110,500 last week. On-chain data dey show say critical Bitcoin support levels na $106,738 and $98,566, with 1.28M BTC and 1.25M BTC wey dey hold at average costs inside these bands. If dem break these support levels fit trigger deep corrections because demand no too dey under them. Sell pressure from Bitcoin whales dey reduce, e show say $920M dey flow comot from exchanges weekly, meanwhile money dey shift go self-custody and Spot Bitcoin ETFs. Resistance around $108,890â$110,000 still be barrier; person need weekly close pass there to confirm bullish momentum. Traders suppose still dey watch tax policy debates and whether Bitcoin treasury strategies fit work for signs of medium-term stability.
Neutral
Bitcoin strong on-chain support bands and di big whale outflows dey show say e get solid base, e reduce di risk for sharp drop short-term. But persistent resistance around $108.9Kâ$110K plus unresolved tax and treasury strategy wahala dey stop di upside momentum till clear breakout happen. Data fit mean potential bullish conditions, but confirmation through weekly close above resistance dey needed, so immediate look be neutral. Traders suppose dey watch support levels and how regulators dey move make dem sabi di next direction move.