Bitcoin $BTC /USDT Eyes $110K+ – Bullish Momentum Builds Up!
Current Price: $109,249 (+3.34%)
24h Range: $105,220 – $109,845
Volume: 34.8K BTC | $3.75B
SAR Support: $106,711
Technical Overview:
Bitcoin has broken above key resistance near $107K and is now consolidating just below $110K. The Parabolic SAR and volume profile confirm a bullish structure, with strong institutional support above $105K. With momentum favoring buyers, BTC is poised for the next leg up.
Short-Term Targets:
Target 1 – $110,800: A minor psychological barrier. A daily candle close above this level would confirm bullish continuation.
Target 2 – $114,200: Strong historical resistance from April’s peak. Breakout beyond this could trigger FOMO.
Target 3 – $118,000: Extension level from recent rally and key Fibonacci projection. A breakout here sets the stage for ATH re-tests.
Support Zone: $106,700 - $104,200
Trend Bias: Bullish (Higher highs, higher lows, strong volume)
Conclusion: Bitcoin is gearing up for a powerful move. Eyes on $110K breakout – if volume sustains, the next wave could target $114K+ swiftly.
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