#BTC110KToday? Geopolitical Relief

The slowdown of conflicts in the Middle East has driven a more favorable environment for risk assets, such as Bitcoin.

2. Approval of Stable Regulations

The recent progress in the US Congress regarding stablecoins has brought more confidence to the crypto market.

3. Strong Technical Indicators

The 50-day moving average has been reclaimed (~US$106,000), indicating a resumption of momentum.

The chart has formed a “cup and handle” pattern — usually a sign of a breakout upwards, with a possible target at US$169,000.

4. On-chain Indicators and Capital Flow

MVRV indicates that there is still room for additional gains.

Transfer volume has decreased by about 32%, and there has not yet been a speculative explosion – a calm before a possible new wave.

📊 Technical Summary

Support ~US$106,000–107,000 (intraday high, moving averages)

Resistance Range of US$108,000–110,000 (needs to turn into support)

RSI (1D) Approaching overbought zone (~68)

MACD (1D) Positive divergence, trend still bullish

🎯 Potential Scenarios

Optimistic Scenario:

Breakout above US$110,000, with the next target between US$112,000 and US$117,500.

Correction Scenario:

Technical legend indicates potential pullback to US$105,000 if there is no firm support.

But the main technical support is between US$106,000–108,000.

📌 Final Summary

Today, Bitcoin remains strong, supported by political advances, institutional adoption, and positive technical alignment. A close and support above US$108,000 has been the decisive trigger to reach new highs in 2025.#BTC110KToday? #BinanceAlphaAlert $BTC $ETH $XRP

BTC

106,982.39

-0.12%