$BTC $BTC General Direction

On the daily and weekly frame, the indicators are leaning towards a buy signal after forming a golden cross between the 50 and 200-day averages, which reinforces expectations of continued upward momentum.

However, the current level near $110,150 – $112,000 represents strong resistance, and may lead to a short-term correction down to support levels around $107,000, then $105,000–$102,000.

🔍 Key Technical Indicators

The Relative Strength Index (RSI) on the daily frame is at ~50‑60, indicating neither overbought nor oversold conditions.

The MACD is slightly negative on the daily interval, but on the weekly frames it sends a positive signal.

Trading volume has increased, supporting the recent upward movement, with a noticeable improvement at levels of $110‑110.6k.

🧭 Support and Resistance Levels

Level Type Technical Event

~$112,000 Strong Resistance Near ATH, a clear break with it opens the way up to $122‑137k $BTC

BTC

106,747.43

+1.68%

~$110,150 Intermediate Resistance Represents psychological and short-term technical resistance

$107,000 First Support Aligns with the moving average and psychological support

$105,000 Second Support Major retracement area, expected technical correction wave

$100,000 Strong Support Tested repeatedly, in case of a downward break