The $106,900 Fibonacci support level provided a bounce last week, but repeated tests raise risks of a drop to $100,000 and long-term support at $96,000.
Bitcoin price surged to $115,000 today, rising over 1% in 24 hours, as optimism over easing U.S.–China trade tensions and renewed investor appetite for risk assets lifted global markets.
Bitcoin closed at $114,530 last week, reclaiming $112,200 resistance but facing stiff hurdles at $117,600 and $122,000, with FOMC and tech earnings set to drive volatility on Wednesday.
Bitcoin’s record-breaking week closed at $123,515, with bulls dominating. Fibonacci extensions point to $131,000 as the next resistance, while $118,000 holds as key support.
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