๐ Bitcoin Technical Outlook โ $BTC at Crossroads Near $107K
Bitcoin is holding steady around $106.7K, showing strong bullish momentum on both the 4H and 1D chartsโbut is a breakout or correction next?
๐ Key Observations:
Bullish Trend: Price is above MA7, MA25, and MA99, signaling strong short- and mid-term momentum.
Volume Surge: 24h BTC volume has jumped by 15%, confirming healthy interest behind the recent rally.
Resistance Zone: $108Kโ$108.5K remains the key ceiling, breaking above could open the path to $110K+.
Support Levels: $105K is the pivot. Below that, watch $103K and major support at $100K.
๐ Bullish Scenario:
If BTC closes strong above $108K with rising volume, expect momentum to extend toward $110Kโ$112K.
โ ๏ธ Bearish Scenario:
Failure to hold $105K could lead to a drop back toward $103K or even $100K. RSI and MACD hint at short-term exhaustion.
๐ Summary:
Mid-term trend is bullishโbut watch for consolidation or a breakout confirmation. Key levels: Support โ $105K | Resistance โ $108.5K.
๐ฌ Whatโs your next move? Are you bullish or expecting a pullback?
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