$BTC 🚀BitcoinHoldsStrongAbove109K as Bulls Eye New ATH! 🚀
The BTC/USDT∗∗pairistradingat∗∗BTC/USDT∗∗pairistradingat∗∗109,694.20 (+2.63% in 24H), consolidating near its all-time high of $110,804.20. Key insights for traders:
📊 Key Levels to Watch:
- Support: $106,136.90 (24H low) – Critical hold for bullish continuation.
- Resistance: $110,804.20 (ATH) – Breakout could trigger FOMO rally.
- RSI: 70.7 (overbought but bullish momentum intact).
🔥 Catalysts Driving Momentum:
- ETF Inflows: Spot Bitcoin ETFs saw **3B+inflowsinMay∗∗,pushingAUMto3B+inflowsinMay∗∗,pushingAUMto120B.
- Macro Tailwinds: Cooling inflation & institutional adoption (Coinbase now in S&P 500).
- Halving Effect: Reduced miner supply (3.125 BTC/block) tightening market.
💡 Pro Tip: Watch for a volume-backed close above $110K – historically triggers algorithmic buying waves.