Bitcoin Hits $107,000 – Market Analysis 🚨
Bitcoin has surged to $107,000, showing strong bullish momentum. The breakout above key resistance levels indicates continued institutional interest and a favorable macro outlook.
📊 Today’s Analysis:
• Trend: Strong uptrend across 4H and daily charts
• Support: $104,800
• Resistance: $108,500
• RSI: Approaching overbought, watch for short-term pullbacks
• Volume: Increased buying pressure confirms breakout strength
🧠 Analyst Insight:
If BTC holds above $106K, we may see a run toward $110K. Traders should watch for consolidation or a healthy correction before entering.
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