🚨[BTC/USDT Technical Analysis – Daily Chart]⏰
Current Price: $110,769.65
24h High / Low: $111,880.00 / $106,117.67
Daily Change: +4.33%
Trend: Strong Bullish
Bitcoin continues its upward momentum, currently trading above all key moving averages:
MA(7): $106,554
MA(25): $101,230
MA(99): $90,668
The breakout above the $107K resistance is supported by rising volume, signaling strong buyer interest.
Key Levels to Watch:
Immediate Resistance: $111,880 (24h High)
Next Target (if breakout holds): $115,000 – $120,000
Support Zones: $107,000 and $101,000
Market Sentiment:
Volume is climbing along with price action, suggesting a healthy trend. As long as BTC holds above $107K, bulls are in control.
Probability of Continuation: ~70–75%
Caution: A break below $107K may lead to a short-term correction. Major trend reversal likely only if $101K fails.
Conclusion:
Momentum remains strong. Watch for a clean breakout above $112K to confirm further upside.
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