BTC Holds Above $107,000 as Traders Eye Next Resistance Near $114,000

BTC (BTC) continues to trade with a bullish bias in the short term, holding above crucial support levels near $107,000 amid renewed optimism across the broader crypto market. As of Thursday, BTC was priced around $109,481, marking a 1.5% gain on the day with intraday highs touching $110,278.

Short-term technical indicators show strength, with several trading platforms, including Investing.com and Coinalyze, giving BTC/USD a “Strong purchase” rating on hourly to 5-hour charts. Analysts highlight a recent breakout from a descending channel, projecting potential upside targets toward the $114,000 to $146,000 range if momentum sustains.

However, caution persists among traders observing longer timeframes. Momentum oscillators also signal potential overbought conditions, raising the risk of a pullback should purchaseing pressure fragileen.

Key support remains concentrated around the $107,000 to $108,000 zone, an area that has repeatedly served as a floor for bulls. Analysts at MarketPulse note that a decisive drop below $108,600 could trigger a deeper retracement, potentially testing the $100,000 psychological level.

While long-term sentiment remains constructive—supported by institutional interest and BTC’s cyclical halving narrative—traders are advised to watch for clear confirmation above $114,000 before positioning for further gains.

For now, BTC’s short-term technical outlook suggests momentum remains intact, but with volatility likely to intensify. The $107,000 support and $114,000 resistance levels are expected to dictate near-term direction as the market balances optimism against potential correction risks.

ETH (ETH) is trading around the $3,900 mark, struggling to build consistent upward momentum amid a cautiously mixed technical setup. The world’s second-largest cryptocurrency by market capitalization has maintained a relatively stable range between $3,800 and $4,000 this week, reflecting a market in consolidation following recent volatility.

Technical indicators paint a split picture. On shorter timeframes, including hourly and four-hour charts, ETH/USD has been rated as a “Strong purchase” by platforms such as Investing.com, with momentum oscillators like the MACD and CCI signaling mild bullish conditions. Analysts note that the average directional index (ADX) also reflects a trending setup, suggesting short-term strength may continue if volume increases.

However, medium- to long-term signals are less optimistic. The 20-, 50-, and 100-day moving averages currently sit above ETH’s market price, indicating that the asset remains in a corrective phase. Despite this, ETH’s 200-day moving average remains below current prices, offering some reassurance that its broader bullish structure remains intact.

Key levels to watch include resistance around the $4,100 to $4,200 range—a zone that has repeatedly capped rallies in recent weeks. A breakout above this range could open the path toward $4,500 and restore market confidence. On the downside, a failure to hold above $3,800 could trigger further declines toward $3,300, where stronger support is expected.

For now, ETH’s outlook remains cautiously balanced. Traders are watching for a decisive move either above $4,200 or below $3,800 to define the next major trend as the broader crypto market continues to stabilize.