Technical analysis by Ifiok-2sydes about Symbol BTC on 5/12/2025

BTC appears to have formed a range: between approximately between 76800 and 104,300Current price: 104300Here are the key observations:Key resistance zone is around 104300 - Price has tested this level multiple times but failed to close above it decisively. Clear to say that A break above which will lead to All time highs possibly up to 135kIf #BTC Bitcoin continues to reject this level then expect these layers of support to be tested: 97700 and then 91100BTC remains bullish if prices remains above 91100. Further break down will lead to bottom of range 84100 and 76800 (coinciding with 200 EMA )Trading Implications:For Longs: Avoid new positions unless there's a breakout with volume above $105,000.For Shorts: This is a possible scalp opportunity near the top of the range, with a stop slightly above $105,000.Not financial Advice!Rejects again at approximately 105k area