Bitcoin (BTC) touching $108,272 is a significant event, and whether it turns bullish or bearish depends on several key technical and market factors. Here's a quick breakdown of both scenarios:
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🔍 Current Outlook Around $108,272:
✅ Bullish Signs (If confirmed):
Breakout above previous high (~$111,000) would confirm a continuation of the macro uptrend.
If volume increases on the move up, it shows strong buyer interest.
Holding above $105,000–$107,000 support could turn this into a base for the next leg higher.
Altcoins lagging while BTC pumps can indicate BTC dominance and strength.
🚫 Bearish Risks:
If $108,272 is a local top and BTC rejects from here with heavy sell volume, it could signal a double top pattern forming.
Failure to hold above $107,000 may lead to a retest of lower support zones like $102,000 or even $100,000.
Overbought RSI on higher timeframes could trigger a cooldown or consolidation.
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📊 What to Watch Now:
Candle close (4H / Daily) above or below $108,000–$108,500
Volume confirmation – strong green candles + volume = bullish
Macro sentiment – news, ETF inflows, Fed signals
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🧠 Conclusion:
If BTC breaks and holds above $108,500–$109,000, it’s likely bullish, targeting ATH ($111K+) next.
If rejected sharply, watch for bearish pullbacks toward $105K–$102K.
Trade here on $BTC