Bitcoin’s resilience continues to be tested, but the bulls are holding the line. After defending the $105,000 level, BTC has started to show early signs of strength, suggesting that buyers are stepping back in at key support. Several analysts believe the market could be forming a near-term bottom around $100,000. However, not everyone shares that optimism — Bloomberg analyst Mike McGlone warned that Bitcoin could still face a deeper pullback, potentially sliding as low as $56,000. Others see the current weakness as an opportunity.

JPMorgan analysts noted in a recent report that Bitcoin is trading below its fair value, citing the bitcoin-togold volatility ratio as a key indicator. They project BTC could rally to around $170,000 over the next six to 12 months if the current structure holds. Institutional interest remains an underlying support for the market, with Schwab Asset Management reporting that 45% of surveyed investors are interested in buying a crypto ETF — the same percentage as those looking at bond ETFs. That appetite suggests the longer-term bullish story for BTC remains intact, even as near-term volatility keeps traders cautious.

Bitcoin continues to battle for control near the key $105,000 level, where buyers have managed to hold the line on a closing basis. However, the bears haven’t stepped aside yet and continue to pressure the market with every minor rally. To regain momentum, bulls will need to push the price decisively above the 20-day EMA at $107,925. A successful breakout from this level could lift the BTC/USDT pair toward the 50-day SMA at $112,464, signaling renewed short-term strength. For now, sellers are still in play. If the next rebound fails and Bitcoin slips below $100,000, it could trigger another leg lower toward $87,800 a level that would test the market’s long-term conviction. Traders are watching closely to see whether the current consolidation turns into a base for recovery or gives way to a deeper correction. Ether is facing a tight tug-of-war between bulls and bears near the $3,350 zone. The sluggish bounce off this level suggests that buyers are struggling to regain control. A break below $3,057 would likely confirm the start of a new downtrend, potentially dragging ETH toward the $2,500 region. To avert that scenario, bulls need to reclaim the 20-day EMA at $3,738 and sustain the price above it. If that happens, ETH could move back toward the descending channel’s resistance line, signaling that the worst of the correction may be over.

BNB is showing signs of a mild recovery, but weak follow-through buying suggests hesitation among traders. The 20-day EMA, currently at $1,049, has started to slope downward, and the RSI remains in negative territory both indicators favor the bears for now. If BNB fails to cross above the 20-day EMA, sellers may take another swing at the $860 support. A breakdown below that level could open the door for a deeper fall toward $730. Conversely, if $860 holds firm and buyers manage to push the price above the 20-day EMA, BNB could settle into a broad range, likely trading between $860 and $1,183 in the short term. Trader’s Outlook The crypto market remains choppy, with traders showing caution around key support zones.

Bitcoin’s defense of $100,000 is crucial holding this level could set the stage for a rebound toward $112,000, but failure to do so risks a slide to the mid-$80Ks. Ether is still under pressure and needs to reclaim the $3,700 zone to regain momentum; otherwise, the next key support sits around $3,050. BNB’s price action suggests range-bound movement unless it can clear $1,050 a break below $860 would hand control firmly back to the bears. Overall, the market tone remains cautious, with traders watching for confirmation of either a deeper correction or a potential short-term bounce. The coming days could decide whether this dip turns into a buying opportunity or the start of a larger downtrend

Lastly please check out the advancement’s happening in the cryptocurrency world

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