BTC testing key support levelBitcoin is now testing a key support zone between $107,000 and $109,000.
This area has been tested three times in the last weeks, each time producing a bounce, which suggests that buyers are ready to step in around this price.
Large on‑chain wallets are accumulating near $108k, adding hidden buying pressure that helps defend the level. Volume‑profile analysis shows a high‑volume node at the same price, another classic sign of strong support.
If the daily candle closes cleanly above this range, the floor is likely solid and the next target becomes the $115k–$120k resistance band.
Conversely, a daily close below $107k–$109k would flip the narrative from defended floor to broken support.
A break of the support would open the path toward $96,000, a psychologically important round‑number zone and the next major point of interest.
A sizable cluster of stop‑losses and pending sell orders sits just above $95k, so price could accelerate once that barrier is breached.
Should price fail to hold at $96k and keep falling, the next structural test is the downward trend line that converges near $91k.
In short, today’s critical signal is the daily close: stay above $107k for a bullish continuation, fall below for a move toward $96k, and watch the $91k trend line for a longer‑term structural shift.
Risk management is essential; the $96k area offers a favourable risk‑to‑reward profile for long‑term holders.
