What are the key support and resistance levels for Bitcoin now?

The key support and resistance levels for Bitcoin are as follows:

1. Support Levels:
   • Psychological Support: Bitcoin faces support around the $100,000 level, which is a crucial point that could attract buyers looking to accumulate at a lower price.
   • Technical Support: There is a critical support zone between $94,000 and $97,000, where Bitcoin may find a price floor amid ongoing market volatility. This area is significant as it represents a range that could stabilize the market if breached.
   • Market Dynamics: The support level of $94,000-$97,000 has been highlighted by onchain data and market analysis, indicating a concentration of long-term holdings that could reinforce the price floor.
2. Resistance Levels:
   • Immediate Resistance: Bitcoin is approaching a pivotal resistance level at $106,723, which is a crucial barrier that could signal a major breakout or a consolidation depending on the outcome of the price movement.
   • Next Resistance: The next significant resistance level is $114,000, which, if surpassed, could open the door to a larger rally, potentially reaching $143,000, according to some market strategists.
   • Long-term Projection: Analysts have suggested that Bitcoin could see a potential rally to $205,097 by the end of 2025, based on its historical yearly percentage trend and the four-year halving cycle.

These levels are under close observation by traders and investors as they guide their decision-making and investment strategies.