#BTCBREAKOUT

BTC IS HEADING TOWARDS THE NEAREST PEAK 110$ .

1. Main Price and Trend

BTC is at the area of 102,481 USDT, significantly rising from the recent low of 57,446 USDT.

There is a strong bullish candle with good recovery force after the correction phase.

It is highly likely that BTC is continuing its recovery trend within the long-term upward main trend, but the 110,000 area is the nearest peak – which could be a strong resistance zone.

2. Bollinger Bands

The price has broken above the middle band (MB) at 92,014 and is heading towards the upper band (UP) at 106,867.

This indicates that buying momentum is dominant, potentially approaching the upper band – which is also strong resistance.

3. RSI (6) = 75.12

RSI has surpassed 70, entering the overbought zone, it may continue to rise further but also carries the risk of a short-term technical correction.

In the weekly timeframe, RSI at this level often accompanies a mid-term peak or strong recovery wave.

4. MACD

The MACD line is still below 0 and DIF < DEA, but is showing signs of moving upwards, indicating that selling pressure is weakening.

The histogram is gradually narrowing, potentially preparing to cross upwards if the uptrend continues in the next 1-2 weeks.

5. Trading Volume

Volume has significantly increased in the last 2 weeks, reinforcing the recently formed bullish candle.

This is a confirming signal of a strong recovery momentum.

Conclusion and Strategy

BTC in the weekly timeframe is in a recovery wave within the larger uptrend, with the nearest target around 106,000–110,000.

If it decisively surpasses 110K with accompanying volume, there is a potential for a new upward wave to form.

However, this area also represents strong resistance, so caution is needed regarding the possibility of profit-taking and pullbacks here.