#JoinCreatorCertificationProgramToEarn $10,000 #BitcoinPriceAnalysis

Bitcoin (BTC)

Bitcoin opened the week at $107,388. After trading sideways in the $109,000-110,000 range over the weekend, BTC fell below $110,000 on Monday morning due to increased selling pressure. The technical outlook suggests that short-term momentum is weakening and investors are taking cautious positions. In the downtrend, 107,000 is the initial support level, followed by the 105,500-104,000 range as a critical protection zone. In the uptrend, 109,000 and 110,500 are the initial resistance levels. A return to a close above $110,000 could support a recovery to the $112,000-113,500 range. However, closing below $107,000 could pose the risk of a deeper correction towards $105,000. The overall outlook indicates that the short-term negative trend in Bitcoin is maintained, and that persistence above $110,000 is critical for the recovery.