Stock market information for Bitcoin (BTC)
✅ Bullish/Long Opportunity
Key Support Zone: $105,500–$106,000 — BTC recently bounced off this level, which aligns with the mid-Bollinger Band and rising trendline.
Positive Technicals: Hourly RSI is above 50, and the MACD is in bullish territory on short timeframes .
Breakout Potential: A clear move above $107,000–$108,500 could trigger a push toward $110,000 and possibly $112,000 (all-time high range) .
Institutional Support: ETFs continue seeing steady inflows, fueling upward momentum.
📈 Entry Suggestion: Long near $105,500–$106,000, with targets at TP1: $108,500, TP2: $110,500, and TP3: $112,000+.
Stop-Loss below $105,000.
⚠️ Bearish/Short Opportunity
Strong Resistance Overhead: $107,000–$108,500 has served as a rigid ceiling, with signs of rejection on multiple attempts.
Overbought Warnings: RSI near overbought on daily charts, MACD flattening, and declining volume on rally attempts.
Bearish Chart Patterns: A triple top and bearish candlestick formations have been spotted in this resistance zone.
Geopolitical & Macro Risks: Ongoing global uncertainty and Fed interest-rate factors could spark short-term dips .
📉 Entry Suggestion: Short on rejection near $107,500–$108,500, with initial target at $105,000–$104,000, and deeper drop toward $103,000–$102,000.
Stop-Loss above $108,800.
🧭 Final Take
Short-term bias: Slightly bullish — price is holding key support with positive momentum indicators.
Key trigger: Watch how BTC behaves around $107,000–$108,500. A clean breakout with volume points to longer upside; a rejection favors a pullback to $102K–$104K.
Risk management: Always use stops and scale positions as price action unfolds—especially around critical levels.