[Analyst: Bitcoin recently touched the upper channel, $110,700 has now become a resistance level] According to a report by Golden Finance, crypto analyst Ali shared a chart indicating that Bitcoin (BTC) recently touched the upper channel, located near $110,700, which has now become a resistance level. Multiple upper shadows appeared at this price point, suggesting that the price faced resistance and retreated, increasing the risk of Bitcoin's price pulling back to $107,200 or even $103,000.