Bitcoin $BTC has continued its upward trajectory, breaking through the $105,000 mark with strong bullish momentum. As of the latest data, BTC is trading at $104,996, marking a 1.62% increase over the past 24 hours. This surge brings renewed optimism among traders and long-term holders alike.
24-Hour Market Highlights:
24h High: $106,853.27
24h Low: $102,126.16
Volume $BTC : 25,297.37
Volume (USDT): 2.65 Billion
This latest price action reflects increased buying interest, with the order book showing 94.88% buyers compared to 5.12% sellers. The technical indicators also suggest short-term bullish sentiment. The moving average (MA10) is currently at 11.89, while MA5 is at 9.44, reinforcing the upward trend.
The surge is likely driven by growing institutional interest, a weakening dollar, and positive macroeconomic signals. Traders are now closely watching the next resistance level at $107,000, which could open the door for further gains if broken.
What Traders Should Watch:
Stay alert to volume shifts and RSI/MACD trends.
Monitor support zones near $102,000.
Set alerts for potential breakout above $107,000. $BTC
As always, exercise risk management and stay updated with real-time charts for strategic entry and exit points. Binance provides advanced tools for both beginner and professional traders to make informed decisions in this volatile market.
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