โฟ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐๐ซ๐ฌ $๐๐๐๐! ๐๐๐ฑ๐ญ ๐๐ญ๐จ๐ฉ $๐๐๐๐โ$๐๐๐๐? ๐๐ซ๐๐๐ข๐ง๐ ๐๐ก๐จ๐ญ & ๐๐๐ ๐๐ง ๐๐๐ ๐๐จ๐ซ๐ ๐๐ฉ๐ฌ๐ข๐๐
๐ BTC Bounces Back to $109,735
Bitcoin surged 2.3% in 24h, closing in on $110K, with analysts forecasting further upside based on a strong technical setup and resilient macro trends.
๐ TradingShot: Channel Up + Bullish MACD
โข BTC is moving inside a 6-week ascending channel
โข Held support at 4h 50 MA and 100 MA
โข MACD bullish cross triggeredโhistorically followed by +11% to +15% moves
โก๏ธ Target if history repeats:
$119K, matching the channelโs upper trendline
โก๏ธ Long-term forecast:
$200K by Q4 2025
๐ Gert van Lagen: Weekly Chart Still Bullish
โข BTC remains well above bear market indicators
โข RSI patterns show no bearish divergence yet
โข Hidden bullish divergence likely to confirm a stronger uptrend
๐ Technical Snapshot
โข Price: $109,735
โข 50-day SMA: $95,244
โข 200-day SMA: $86,640
โข RSI (14-day): 65 โ approaching overbought
โ ๏ธ Short-term pullback possible, but trend remains bullish
Do you think BTC will hit $119K or even $200K by year-end?