If bulls successfully defend this area and print a higher low with strong volume, it could reignite upward momentum, sending BTC back toward the $108,000 and $112,000 resistance region for another test. On the other hand, if $104,500 fails to hold, the next support lies near $100,000, which could invite increased bearish pressure and a broader correction.
After holding the lower edge of the wedge, bullish momentum is building, suggesting that BTC may be preparing for a leg higher. If this momentum sustains, the price could target the $108,000 level.
