Bitcoin Reclaims Key Resistance Levels — Caution Still Warranted
Bitcoin is currently trading above two crucial resistance points:
▫️111 SMA: $91.3K
▫️STH Realized Price: $93.2K
This reclaim is significant — the last time $BTC broke above these levels (October 2024), it marked the beginning of a major reversal after a 3-month downtrend.
However, caution is still needed. A similar breakout in July 2024 turned out to be a fakeout, with $BTC dropping back below $92K soon after.
What to Watch:
If $BTC holds above $93.2K for a few weeks, it would strongly support the case for a sustained reversal. Until then, stay alert — fakeouts remain a real risk.