$BTC 🚀 BTC/USDT - Strong Bullish Reversal!
Bitcoin has bounced hard off the $102,600 support and is now showing strong upside momentum. Price has surged to $108,798, breaking above key moving averages with a powerful bullish candle. 🟢
---
🔍 Technical Highlights:
✅ Breakout Confirmation: Price has broken above MA(25) and MA(99), reclaiming key resistance
📈 MACD: Strong bullish crossover with a massive MACD reading of +420.76 = bullish momentum increasing
🔼 MA(7) is curving up and crossing above other short-term MAs = short-term trend reversal
📊 Volume increasing on the move up = strong buyer interest
---
📌 Key Levels to Watch:
Immediate Resistance: $110,500 (previous high)
Support Zone: $105,700 – $106,000 (recent consolidation zone)
Major Support: $102,600 (recent swing low)
---
🎯 Potential Setup:
If BTC holds above $107k, next target = $110k+
A healthy pullback to $106k–$107k could offer buy opportunities
Watch for possible rejection near $110.5k resistance ⚠️
---
⚠️ Reminder: Don’t chase pumps — wait for pullbacks or confirmation candles 🧠
---
#BTCUpdate #CryptoAnalysis #BitcoinBreakout #TechnicalAnalysis
