Bitcoin seems to have found support around $107k, and after touching that level, it rebounded toward $111k. While there’s still uncertainty over whether it could retest and break below $107k, the current momentum suggests a stronger likelihood of continuation to the upside, with the next potential target around $112k, and if Bitcoin can decisively break through, the price could continue its upward trajectory.
Yes Bitcoin Strong is on support. That is why Bitcoin prices are not currently falling and the price of Bitcoin has increased slightly. However, we got to watch the market several days ago. Bitcoin will come down below 105k but now the situation shows that one has failed. But now it is certainly not to say, Bitcoin may increase further. But if any reason or any economic problem is reduced again. Then we will see Bitcoin below 100k and if it happens then again will touch New Ath again very quickly. However, we should create the right mentality to deal with all the situations.
Unless there's significant negative news, this support level looks quite strong.
We could fall below 105,000, but this support level has worked well. It's now September, so there could be some positive activity during this period, depending on some minor positive news.
Summers are normally worse, but looking back at previous years, this summer was good for Bitcoin pricing. I don't think the bull run is completely over, but I envision a winter where we'll break above 125,000 ATH.
When Bitcoin consolidates for a long time at a strong support level it usually means that larger investors or institutions are building positions slowly without creating much noise or drawing attention from retail traders during this period many small traders often lose patience thinking that the market is dead or boring but in truth accumulation is taking place beneath the surface and this silent process is what sets the foundation for the explosive moves that tend to happen unexpectedly leaving those who hesitated or got shaken out chasing the pump after the breakout when the trend turns strong.
If we carefully look at historical cycles the same pattern repeats itself corrections always come and they always look dangerous in the present moment making people fear that the bull run is over but when time passes and we look back those same dips are remembered as golden opportunities that built long term wealth patience is always the ultimate edge in trading because the market is designed to test emotions and break discipline those who can stay calm hold positions wisely and understand the bigger picture are the ones who come out stronger while those who panic or chase hype end up regretting their choices consistency and long term thinking always beat fear and greed.