BTC Latest Analysis $BTC
*BTC Alert: Key Levels to Watch!*
*Bitcoin Update:* $BTC has dipped to $108,701 (-0.32%) after reaching a high of $110,718. The bears are testing the market, and the next moves are crucial!
*Resistance Zone:* $111,000–$110,700
BTC struggled to stay above this level, indicating strong selling pressure. Bulls need to break this zone convincingly to regain momentum.
*Support Zones:*
1. $104,400 – 25-day MA
2. $101,700 – Local support
3. $96,100 – Major support
4. $90,500 – 99-day MA (Critical support!)
A drop below $104K could trigger a deeper correction toward the $90K zone. Watch the moving averages carefully!
*Technical Indicators:*
MACD & Volume are showing weakening momentum, suggesting potential for further downside unless bulls regain strength soon.
*Key Levels to Watch:*
- Hold of support at $104K
- Reclaim above $110K for bullish continuation
- Increased volume confirmation
Stay vigilant and adapt to changing market conditions!