$BTC
What is happening?
BTC remains strong above US $106,000, with a daily 'pin-bar' pattern reinforcing the bullish momentum towards US $110,000. The key technical support is between US $104,000–105,000, an area that BTC successfully defended.
Factors to monitor
• US $108,000–108,200: next technical resistance zone.
• Sustainability of the conflict in the Middle East: a sustained escalation could pressure the price.
• Accumulation level: institutional firms like Metaplanet continue to add BTC at more than 10,000 units.
In summary:
Bitcoin shows signs of technical strength and maintains the bullish trend, with the potential for a breakout towards US $110,000. However, macro volatility could still play its part… but today, BTC is pointing upwards! 🚀
What is happening?
BTC remains strong above US $106,000, with a daily 'pin-bar' pattern reinforcing the bullish momentum towards US $110,000. The key technical support is between US $104,000–105,000, an area that BTC successfully defended.
Factors to monitor
• US $108,000–108,200: next technical resistance zone.
• Sustainability of the conflict in the Middle East: a sustained escalation could pressure the price.
• Accumulation level: institutional firms like Metaplanet continue to add BTC at more than 10,000 units.
In summary:
Bitcoin shows signs of technical strength and maintains the bullish trend, with the potential for a breakout towards US $110,000. However, macro volatility could still play its part… but today, BTC is pointing upwards! 🚀
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BTC
103,196.57
-1.57%