Bitcoin Price Struggles Can Bulls Prevail

Bitcoin Price Faces Key Hurdles Amid Consolidation

• Bitcoin price increased above the $108,000 zone.
• The price is trading above $108,500 and the 100 hourly Simple Moving Average.
• A bullish trend line is forming with support at $109,200 on the BTC/USD hourly chart.
• Immediate resistance levels are near $110,000 and $110,750.
• Main support levels are at $108,500 and $107,500.

Bitcoin’s price is consolidating gains above the $108,500 mark with key resistance at $110,750. If it clears this level, further upward movement could occur; otherwise, a decline toward the support zones may follow.