Bitcoin (BTC) Price Today: Bitcoin Tests $104K Support After $107K Rejection, But MACD Cross Hints at Major Rebound
Bitcoin is testing $104K support after rejecting $107K resistance, while an approaching MACD bullish cross suggests a potential major rebound.Summary
Bitcoin (BTC) is currently consolidating around the $104,000 level after being rejected from the $107,000–$108,000 resistance zone, with the price sitting near an unfilled CME gap. Analysts note that while Bitcoin faces short-term pullback, institutional interest via ETFs remains strong, and a confirmed breakout above $108K could ignite a rally toward higher targets. Technical indicators show cautious optimism, as a bullish Moving Average Convergence Divergence (MACD) cross appears imminent on the daily chart, signaling fading bearish momentum. Key support is established between $100,000 and $104,000, while $108,000 acts as a critical resistance level; a decisive move above this point could open the path toward $120,000–$140,000.
(Source：Brave New Coin)