CryptoGuru12
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$BTC /USDT ā Eyeing the Next Move Above $110K?
Bitcoin ($BTC) is currently trading at $109,583.71, up +0.81% on the day. The 24-hour range shows a low of $108,331.03 and a high of $110,530.17, indicating a steady attempt to reclaim and hold above the crucial $110K psychological zone.
š Market Snapshot:
Current Price: $109,583
24h Volume: 21,167 BTC / 2.32B USDT
Trend: Gradual uptrend with low volatility
Resistance: $110,530 (24h high)
Support: $108,331 (24h low)
Whatās Next for BTC? If BTC can confidently break and hold above $110,530, we could see a continuation towards $112,000ā$113,500 in the short term. However, failure to push higher could trigger a retest of the $108,000ā$107,200 support region, especially if volume fades.
Quick Take:
BTC is showing strength but needs a solid push above $110.5K to confirm breakout momentum. Traders should watch for increasing volume and a strong candle close above resistance before going long.
#Bitcoin #BTC #CryptoNews #BTCUpdate #TradingView
Bitcoin ($BTC) is currently trading at $109,583.71, up +0.81% on the day. The 24-hour range shows a low of $108,331.03 and a high of $110,530.17, indicating a steady attempt to reclaim and hold above the crucial $110K psychological zone.
š Market Snapshot:
Current Price: $109,583
24h Volume: 21,167 BTC / 2.32B USDT
Trend: Gradual uptrend with low volatility
Resistance: $110,530 (24h high)
Support: $108,331 (24h low)
Whatās Next for BTC? If BTC can confidently break and hold above $110,530, we could see a continuation towards $112,000ā$113,500 in the short term. However, failure to push higher could trigger a retest of the $108,000ā$107,200 support region, especially if volume fades.
Quick Take:
BTC is showing strength but needs a solid push above $110.5K to confirm breakout momentum. Traders should watch for increasing volume and a strong candle close above resistance before going long.
#Bitcoin #BTC #CryptoNews #BTCUpdate #TradingView
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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