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