#BinanceAlphaAlert BITCOIN’S NEXT MOVE: ON TRACK FOR $110K OR SET FOR A COOL-OFF?
Current BTC Price: $96,548
Resistance to Watch: $110,000
Key Support Area: $88,000–$90,000
Market Outlook: Momentum or Correction?
Bitcoin is in a critical phase as it continues to climb higher, brushing against short-term resistance levels. The question now — is BTC ready to sprint toward $110K, or does the market need a breather?
Technical Breakdown
EMA Alignment: BTC is comfortably trading above the 21, 55, and 200 EMAs — a clear signal of sustained bullish structure.
MACD (Weekly): Bullish crossover confirmed — upward momentum is gaining strength.
RSI (Weekly): Currently at 69.6, showing bullish energy without entering extreme overbought territory.
Price Structure: Recent breakout from consolidation suggests strong bullish continuation potential.
Fundamental Tailwinds
Macro Policy Support: Markets are pricing in Fed rate cuts, and a weakening DXY is creating a favorable environment for BTC.
Institutional Activity: ETF demand is bouncing back, with inflows climbing week over week.
Post-Halving Dynamics: The halving has tightened supply — a powerful bullish catalyst when paired with rising demand.
Trade Scenarios
Upside Potential (Bullish Scenario):
A clean break above $97.3K could unlock a rapid surge toward $102K, with $110K firmly in sight in the short-to-mid term.
Downside Risk (Bearish Scenario):
If BTC fails to hold $97K, a retracement to the $90K region is possible — potentially a textbook retest before the next leg up.
Swing Trade Idea:
Entry Zone: $93.5K–$94K
Take Profit: $110K
Stop Loss: $91K
Your Take:
Will Bitcoin blast past $100K next, or are we due for a retest before liftoff? Share your outlook below.
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