---
✅ First: The current price situation
✅ Current price (as of today): around $105,700
⏫ Increase over the last 7 days: approximately +10%
🎯 Distance to 110,000: about +4.1% only
---
📊 Second: Technical factors
Technical indicator Current reading Impact
RSI (Relative Strength Index) Close to 70 (Overbought area) 🔶 Likely correction or slowdown
50-day moving average Upward and supportive of the price ✅ Positive
Trading volume Significantly high ✅ Supports the rise
The nearest resistance level Around $108,500 🔶 Could be a temporary obstacle
---
🌐 Third: Fundamental factors and news
Event or driver Expected impact
Listing strong projects on Binance (SAHARA, Humanity) ✅ Attracting new liquidity to the market
Large institutional demand (ETF, BlackRock) ✅ Massive buying support continues
Weakness of the US dollar recently ✅ Positive for crypto
Absence of negative news (regulatory or political) ✅ Gives the market temporary confidence
---
📈 Fourth: What is the realistic scenario?
Scenario Probability Comment
Bitcoin rises to 110,000 then consolidates High (60–70%) Not far from the current price
Breaks 110,000 and continues towards 115K Average (30–40%) Needs bigger news or institutional entry
Retraces to below 103K Low (20% or less) May happen only with a strong correction or FUD
---
📌 Summary:
Yes, it is entirely possible for Bitcoin to reach $110,000 during the next week, because:
The distance is small (less than 5%)
The upward momentum continues
There are no major technical resistances nearby
But remember:
Reaching this price does not mean staying above it.
The market is volatile, corrections are possible at any moment.
