#BTC110KToday?
Bullish Signals:
1. Price Above Key MAs:
BTC is trading above the 7, 25, and 99-period moving averages (MA), which is a strong bullish sign.
The short-term MA (yellow) is sloping up and providing dynamic support.
2. Volume Spike on Green Candle:
The recent green candle with a volume spike suggests buyers are stepping in aggressively.
3. RSI at 78.61:
RSI is in the overbought zone, which is bullish in the short term, but also a warning that a pullback or consolidation could come soon.
4. Higher Highs and Higher Lows:
The structure is clearly bullish with strong momentum building.
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Short-Term Outlook:
If BTC breaks above $107,985 (recent high): It could target $110K–$112K next.
If rejected: Watch for support around $106.8K (25 MA) and stronger support at $105.3K (99 MA).
