
Looking at the daily chart, Bitcoin is on an uptrend thatās as steady as a well-brewed cup of tea, starting from the lows of about $98,240 back in June. Now, itās attempting to wrestle with resistance around $110,500, like a stubborn dog trying to get through a gate itās not sure it can pass. Bullish engulfing candles and rising volumeāsounds like a recipe for optimism, doesnāt it? But letās not get carried away. Traders are keeping their eyes on the $105,000ā$106,000 zone. If Bitcoin decides to go below this, it might just send a wave of panic through the marketsālike when your Wi-Fi cuts out during an important Zoom meeting. No one wants that.