$BTC

Bitcoin Price Analysis & Trade Signal $BTC

Bitcoin (BTC) is currently trading around $105,419, marking a 3.3% increase from the previous session. The price fluctuated between $102,031 and $106,351 today, showing strong market activity.

Technical Outlook:

Bitcoin remains in an uptrend, holding above key support at $104,000. If BTC breaks resistance at $106,500, we could see a rally toward $110,000-$112,000. However, a drop below $104,000 may push the price toward $101,000.

Trade Signal:

• Buy Entry: Above $106,500, targeting $110,000-$112,000

• Sell Entry: Below $104,000, targeting $101,000

• Stop Loss: $103,500 (for long) / $107,000 (for short)

Traders should watch for Fed updates and market sentiment, as volatility remains high. Risk management is key!