🚀 Bitcoin Approaching All-Time High! Is Altseason on the Horizon? 🔥
📈 Today's BTC Price: ~$104,900
Bitcoin continues to rise and is now just a step away from the previous all-time high (ATH) in the range of $105,000–$106,000.
📊 BTC Technical Analysis (May 11, 2025):
Main Support: $102,200
Main Resistance: $105,500 (ATH)
RSI (Relative Strength Index): 72 – indicating overbought conditions, but still within a strong trend zone.
EMA 20/50 crossover: EMA 20 has crossed above EMA 50 — a strong bullish signal.
Volume: Sharply increased over the last 3 days, indicating massive accumulation.
If BTC can break through $105,500 with high volume, we could see price discovery towards $110,000. However, beware of a potential slight correction to $102,000 as a retest of the support zone before continuing upward.
📣 Meanwhile, Ethereum and altcoins are beginning to show signs of strengthening — this could be the start of altseason!
📌 Question for the Binance Square community:
What are your strategies for facing BTC's major resistance? Are you ready to rotate into altcoins?