BTC at a Critical Support: 107,500 Holds the Key

[TradingPuzzles]

BTC at a Critical Support: 107,500 Holds the Key

From the crash on Friday, BTC found support just above 107,500 after a drop of around 12%.
As you can see, the price has reached a very strong support zone that dates back to December 2024.

This is a critical moment for BTC, as this zone is currently holding the price up.

So far, BTC remains bearish but is still supported as long as the price stays above 107,500.

Bullish Scenario:
As long as BTC holds above 107,500, it has the potential to rise again toward 121,300, and possibly reach a new record high around 135,000.

Bearish Scenario:
If BTC breaks below 107,500, the chances of a deeper correction increase, with potential targets around 93,500 and 80,000.

You may find more details in the chart!
Thank you and Good Luck!

️PS: Please support with a like or comment if you find this analysis useful for your trading day️