$BTC
Bitcoin Breaks Above $106K — What's Next?
BTC/USDT just surged to $106,013 (+1.37%), flirting with the upper Bollinger Band at $107,177. The 1H chart shows a strong bullish momentum, but signs of short-term resistance are emerging:
24h High: $106,853
24h Low: $102,000
RSI(6): 65.14 — Approaching overbought
Stoch RSI: 77.93 (with MA at 89.94) — Potential for a reversal
Volume: Still strong with 30,255 BTC moved in 24h
The price tested the upper Bollinger Band and is showing slight rejection. If BTC consolidates above $104,722 (mid-band), we may see another leg up. Otherwise, a correction toward the lower band ($102,268) is likely.
Your move, traders — breakout or fakeout?
