Honestly, sideways chop is our best-case scenario for now. No real forecast makes sense until the Middle East situation cools down. If Israel strikes Iran’s oil infrastructure, BTC could tank hard. But if we get even a short pause in the conflict, we might see $105K broken and $109K tested soon after.
The middle east tension is on the rise, some political viewers are at panic about the beginning of WW III, not sure where crypto markets will head up like gold or will surge down as a stock. Because, not all bitcoin investments are not being treated as a hedge against dollars. So, bitcoin may fall along with dollars whereas gold may touch new peaks. So, trading bitcoin may not be profitable as your technical charts may lag in reflecting latest stands of middle east situations.
A clean break below $104K could easily trigger new local lows and panic selling.
As of now, testing back up to 90k level as well may happen as we are seeing bulls were finding no strength around 110k level even with multiple attempts. Regardless of world political situation, when bulls lose power, retracement is inevident.