Bitcoin has recovered over the last few days but remains below the resistance area highlighted previously. A low of around $103,600 formed in October, since then, the market has recovered approximately 10% but faced rejection at the resistance area. Currently, the market is reapproaching the resistance. Market participants are expressing nervousness, as indicated by the Fear and Greed Index. Fear and boredom are the prevalent emotions in the market. A target is around 113000 and failure at 103000.