$BTC /USDT TECHNICAL ANALYSIS: BULLS TESTING RESISTANCE AS MOMENTUM BUILDS ABOVE $109K
$BTC /USDT pair is currently trading at $109,461.83, showing a +3.59% gain on the day, as Bitcoin pushes higher within a strong short-term uptrend. With a 24h high of $110,530.17 and low of $105,473.57, the price is now testing a crucial resistance zone.
🔍 Technical Breakdown:
Resistance Zone: The key overhead resistance lies at $110,500–$111,000, where previous rallies have faced seller pressure.
Support Levels: Immediate support is seen at $108,000, followed by a more solid demand zone around $106,000–$105,500.
Trend Structure: Price structure shows higher highs and higher lows on the 1h and 4h charts—indicating bullish market control.
Volume Activity: 24h volume remains strong with 20,559.87 BTC traded, showing active participation and buying pressure.
📊 Performance Overview:
7 Days: +4.89%
30 Days: +6.01%
90 Days: +31.42%
180 Days: +9.02%
1 Year: +56.96%
📈 Market Outlook:
BTC is attempting to break out above the psychological barrier of $110K. If bulls sustain momentum and close above $111,000, the next short-term target could be $113,000–$115,000. However, failure to hold this level may trigger a pullback to $108,000–$106,000, where dip-buyers are likely waiting.
🔔 Key Levels to Watch:
Breakout Zone: $111,000+
Support Zone: $105,500–$108,000
Conclusion: Bitcoin is in a bullish continuation phase, but faces short-term resistance. A confirmed breakout above $111K could ignite the next leg higher. Until then, expect range-bound volatility.