$BTC
🚨 Bitcoin (BTC) Emergency Market Updates 🚨
Bitcoin is currently trading around $104,000, after briefly dipping from $106,500. Price is consolidating inside a tight range between $100K–$110K, showing hesitation for the next breakout move. The key support zone is at $100K–$102K, which aligns with the 50-day moving average and long-term trendline. If this support breaks, the next danger zone lies at $90K, but as long as BTC holds above $100K, bulls are still in control.
On the resistance side, Bitcoin needs to break through $106K–$108K to open a push toward the major breakout level of $111K–$112K, which marks the all-time high area. A confirmed breakout above this zone could take Bitcoin straight toward $120K or even higher. However, technical indicators like RSI (~45) and MACD are showing neutral-to-bearish momentum, and volume has dropped, which often happens before a surprise move.
On the fundamental side, institutional demand remains strong. Over $11 billion has flowed into Bitcoin ETFs since April, with BlackRock’s IBIT leading the charge. Whale wallets are accumulating, and exchange outflows remain high — signaling long-term confidence. Meanwhile, developments like the Trump Media ETF filing and U.S. government considering BTC as a reserve asset are keeping long-term sentiment bullish.
🔔 Key levels to watch: Support at $100K, resistance at $108K, and breakout above $111K.
📌 Strategy: If BTC stays above $103K–$104K, a bounce is possible. But if it breaks below $100K on high volume, be ready to protect your capital — a deeper correction may follow.
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This is not a financial advice so do your own research before making any trade. This post is only for educational purposes.
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