#BTC110KToday?
Current Price: ~$107,820 (as of now), below the $110K target.
Intraday Range: $106,167 – $108,146, showing limited volatility.
Recent Movement: Recovered from recent lows near $104K due to eased geopolitical tensions and institutional buying.
Market Sentiment: Neutral to slightly bullish; options expiry worth ~$20B may create upward pressure.
Technical Indicators:
RSI (Relative Strength Index) shows weak momentum.
Volume is not confirming a breakout above $108K.
Resistance & Support:
Resistance: $108.5K–$110K zone.
Support: $106.5K.
Catalysts Needed: Strong volume or news (e.g., ETF approval, macro events) for a sharp rise.
Conclusion: A move to $110K is possible today, but unlikely without a strong catalyst. Likely to remain range-bound.