$BTC /USDT – Bulls Fighting for Breakout at $110K
Bitcoin has bounced impressively, gaining +2.26% in the last 24 hours. The 1H chart shows bullish momentum building just under a key psychological resistance.
Market Snapshot
Current Price: $109,895.89
24h High / Low: $110,228.11 / $106,600.64
24h Volume ( $BTC ): 17,315.58
24h Volume (USDT): $1.88B
1H Moving Averages
MA(7): $109,801 (acting as dynamic support)
MA(25): $108,826
MA(99): $109,122 (reclaimed — bullish confirmation)
Price Action Insights
Strong Reversal: From $106.6K low, reclaiming MA(99) and pushing toward $110K
Price Compression: Candles are tightening under resistance — possible breakout setup
Volume: Still healthy but slightly tapering — watch for volume spike on breakout
Key Levels
Support
$109,122: MA(99), now support
$108,800–108,600: Prior resistance-turned-support zone
Resistance
$110,228: Immediate breakout target
$111,000+: Clean air if breakout sustains
Trade Setup Ideas
Bullish Breakout
Entry: $110,250–110,400
TP: $111,200 / $112,000
SL: $109,600
Pullback Entry
Entry: $109,100–108,800
SL: $107,800
TP: $110,200 / $110,800
Conclusion
Bitcoin is showing strong structure with higher lows and increasing volume, riding above all major short-term MAs. A clean breakout above $110.2K could trigger further momentum. Bulls are in control, but volume confirmation is key for sustained upside.