$BTC The BTC/USDT chart shows a recent recovery after a downtrend since mid-June. The price is currently above the moving averages (MA9 and EMA21), indicating a short-term bullish momentum.
Forecast: Bitcoin is likely to continue its upward trend, targeting $108,000-$109,000 and potentially re-testing the resistance at $110,665.8. A breakout above this resistance would confirm a stronger bullish reversal; a failure could lead to a new test of lower support. Keep an eye on the $110,665.8 level as a key indicator.
