Bitcoin ($BTC ) has shaken up the market again, surpassing $107,000, and traders are wondering if this momentum will lead it to break the $110,000 barrier in the coming days. 📈
In the last 24 hours, $BTC has risen +1.6%, reaching an intraday high of $107,248 and rebounding from $105,426. This rise comes amid political tensions in the US, which surprisingly haven't affected institutional appetite.
Among the factors driving this movement is Michael Saylor's recent hint about a potential massive BTC purchase by MicroStrategy, which has rekindled interest among institutional investors. Furthermore, inflows to exchanges have decreased, suggesting accumulation.
Technical Analysis:
Key Support: $105,000
Immediate resistance: $110,000
Target area if broken: $115,000 - $118,500
The RSI and MACD indicators show bullish divergence, while volume confirms the validity of the move. If the psychological resistance at $110,000 is broken with force, we could see an acceleration toward new highs in June.
❓Do you think $BTC will break $110K this week?
Give it a like 👍 if you believe in the rally and comment on your projection 🔮.
