Bitcoin (BTC) is trading in an ascending price channel, and the market situation indicates that it is approaching a key turning point. Two distinct levels are being monitored by analysts: a move above $105,000 could confirm ongoing momentum, and a decline below $83,000 could signal a systematic shift.
Key Bitcoin Price Levels Under Watch
EGRAG CRYPTO posted that Bitcoin is compressing near the lower side of its rising trend. According to their breakdown, the channel is still holding, but pressure is building.
“A weekly close above $105K confirms strength,” EGRAG noted.
If that happens, it could open the way toward the $180K to $210K zone. However, they warned that “a weekly close below $83K would break the channel” and suggested weakness in the current cycle.
For now, the price action still respects the existing structure. Bitcoin touched a high of $98,000 on Thursday before dropping slightly on news related to a delay in legislative discussions. Despite this, it has held abo
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