$BTC
ā#BTCUpdate: Bitcoin Breaks $103K, Is the $120K Target Next? ššā
š **Current Price (May 10, 2025):**
Bitcoin is trading around $103,225, with a daily high of $103,978 and a low of $101,396.
š Technical Analysis:
Strong Support: $100,000
Next Resistance: $107,000 and $120,000
RSI: Above 70, indicating overbought conditions and potential short-term correction.
š Fundamental Factors:
Market Optimism: US-UK trade deal boosts investor sentiment.
Institutional Support: Large investments from companies like MicroStrategy strengthen market confidence.
š Price Prediction:
Short Term: Potential to reach $108,000 in the coming days.
End of Year: Some analysts project prices reaching $124,000 to $250,000.
š§ Strategies for Traders:
Risk Management: Use stop-loss to protect positions.
Monitor News: Follow macroeconomic developments and monetary policy.
Technical Analysis: Pay attention to candlestick patterns and technical indicators to determine entry and exit points.
š Conclusion:
Bitcoin shows strong bullish momentum with fundamental and technical support. However, traders are advised to remain cautious of market volatility and conduct thorough analysis before making investment decisions.
