🔹 Current price:
Bitcoin is currently trading around $107,175.
Faced strong resistance at the 108K–110K level.
The recent decline is slight, and it seems the market is in a phase of accumulation and waiting.
---
🧱 Why is 110K a tough resistance?
🔸 The 108K–110K area is a critical resistance zone – tested multiple times and failed to break through.
🔸 Some analysts see it as part of a corrective movement (wave C) that could bring the price back to 100K–102K.
---
✅ Currently positive indicators:
1. Increase in option contracts at a price of 110K – a sign of investor optimism.
2. Breakout of a short-term downward trend – the price broke the trend and is targeting 108.9K and 110.4K.
3. Decrease in Binance flows – a sign of low selling from cold wallets, enhancing the chances of an upward movement.
4. A technical pattern (ascending flag) on the daily chart supports the likelihood of a breakout.
---
❓ What is needed to actually reach 110K?
Strong increase in trading volume.
Clear breakout of the 108K level and holding above it.
External stimuli such as:
🔹 Positive economic data.
🔹 Flows from ETF funds.
🔹 Relative calm in traditional markets.
---
📊 Current scenarios:
Scenario Expectation
✅ If 108K is broken with high trading volume We might see 110K – 112K within a session or two.
❌ If it fails at resistance Probability of a correction to 102K or even 100K.
---
🧠 Summary:
It is unlikely to reach 110K today alone, but:
> If the momentum continues and the 108K level is confidently broken, we might see it in the upcoming sessions.
🔁 Markets are watching... Are we witnessing a breakout? Or a temporary pullback?
---
🎯 Share your opinion:
Do you think Bitcoin is ready to break 110K?
Or does the market need to retest lower levels first?
#Bitcoin #BTC110K #Technical_Analysis #البيتكوين