š¢ URGENT: 24-HOUR BITCOIN PRICE OUTLOOK ā POTENTIAL ATH RETEST INCOMINGš„š±
Based on in-depth technical analysis, real-time market sentiment, and liquidity data, Bitcoin could be on the verge of a major move in the next 24 hours. Here's what traders need to know:
š 1. Bullish Momentum Building (Next 8ā12 Hours)
RSI Reversal Zone: The 14-day RSI recently dipped below 30, signaling oversold conditions. Now near 41, there's still upside before hitting overbought territory.
Bollinger Band Squeeze: Bitcoin is consolidating tightly between $109,500ā$110,200. A breakout above $110,237 could push it toward $111,814.
Sentiment Surge: The Fear & Greed Index is at 76 (Greed), supported by $336M net inflows into U.S. spot BTC ETFs, led by BlackRock.
ā ļø 2. Key Resistance & Liquidation Zones
Immediate Resistance: $110,200ā$110,500. A breakout here could trigger $250M+ in short liquidations.
ATH Watch: Sustained momentum above $110,500 may drive BTC to $111,814 or even $115,103.
Liquidation Heatmap Warning: Expect a potential dip if dense longs get liquidated above $110,500 ā short-term pullback before continuation.
š» 3. Downside Risk Factors
Critical Support: $108,370 (June 10 low). A breakdown here could lead to $107,500 and trigger $420M in long liquidations.
Deeper Support: STH cost basis at $97,100 and SSD quantile at $95,600 remain intact as long-term floors unless macro shocks hit hard.
š Price Forecast Summary
Timeframe Scenario Probability Price Range
0ā12 HRS Bullish Breakout 60% $110,200ā$111,814
12ā24 HRS Range Consolidation 30% $108,800ā$110,500
Downside Bearish CPI Shock 10% $107,500ā$108,800
š Buy & trade Bitcoin: $BTC š°
š Buy & trade Ethereum: $ETH š°