#BTC110KToday? Today's Bitcoin Analysis According to Analysts

🔍 Technical Analysis

Resistance and Support Levels:

Current Resistance: In the range of $105,000–$106,000, and a strong break of this range could push the price towards $111,000$ .

Immediate Support: Starts at $97,000–$94,000, with the most important mid-term support level.

Momentum Indicators:

The daily RSI is at 54, indicating moderate positive momentum.

The MACD suggests the possibility of nearby bullish support, but there is a warning of the start of a short-term correction arabcryptocap.io.

Movement Forecast:

Continued rise towards 111-112 k$ if it breaks through the resistance between 105–106 k$ with strong trading volume support.

If the resistance fails, the market may experience a correction down to support levels between $94–$97, before making another attempt to attack.

🧭 Overview:

Short Term: Positive conditional on holding above current resistance.

Medium Term: Depends on breaking levels of 105–106 k$ or retreating towards $94–$97.

Long Term: Overall forecasts support the continuation of the bullish trend as long as trading remains above $90 k, supported by economic, geographical, and liquidity factors.

✅ Technical Recommendation:

For Commodity Traders: Opportunity to enter when the price returns to the $105–$106 k$ area, targeting a break of resistance, and placing a stop loss below the $94 k support.

For Long-Term Investors: Maintain their positions while monitoring the $90–$94 k$ levels as an opportunity for rebalancing.