Bitcoin will reach $107,000 in the coming weeks.

Bitcoin (BTC) remains in a phase of local correction as the market reacts to regulatory uncertainty and macroeconomic pressure.
Despite numerous attempts to break higher, BTC failed to gain momentum. However, as noted by the analyst under the pseudonym RLinda, breaking out of this consolidation could revive bullish sentiments, potentially pushing Bitcoin towards $107,000 in the coming weeks.
Bitcoin is consolidating in a narrow range between $94,800 and $98,400, and a breakout from this zone will likely determine its next major move.
A decisive push above $98,400 could change market sentiments, potentially pushing BTC towards $100,200, $102,700, and ultimately $107,000.
However, a broader technical forecast suggests that Bitcoin may first test liquidity at levels of $91,000 and $90,000 before resuming its upward trajectory.
On the other hand, $94 800 remains a critical support level, and the analyst warns that failure to hold this range could accelerate the decline to $91 300 and further to $90 000.
If buyers consolidate at these lower levels, Bitcoin may make a bullish reversal, creating a foundation for a rally to new highs.