💡 Quick technical analysis
✅ A fiery rise! Bitcoin has surged strongly to $110,170 (+4.01%) after a sharp rebound from the low of $100,372, in one of the strongest bullish candles in recent days!
✅ RSI = 89.79 🔥 indicates entering the overbought territory - the momentum is very strong, but we may witness some cooling off or correction soon.
✅ Positive MACD! The difference between DIF and DEA is widening, and the upward momentum is clear with a positive crossover - indicating the possibility of continued rise in the short term.
✅ The next resistance level is at $111,980 - and if it is broken, we may see Bitcoin heading towards $112,500 and then $115,000!
$BTC
🚀 The expected scenario:
🔹 If $111,980 is successfully broken, the path to new levels will be open 🔓.
🔹 In case of a correction, the nearby support levels are at $107,452 and then $104,899 - which are good opportunities for re-entry for traders.
$BTC
📉 The moving averages indicate a positive shift in direction:
MA(5) has crossed above MA(10), enhancing confidence in the continuity of the rise in the short term.
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🔥 Are we facing a new price explosion for Bitcoin?!
With the increase in trading volume and the growing market appetite, the opportunity may be near! Will you seize the moment? 🚀
