๐ Bitcoin Holds Strong Above $107K โ Is $110K the Next Target?
Bitcoin is holding firm above the $107,000 level, showing resilience even as altcoins like SOL and PENGU steal short-term attention. After a brief correction earlier in the week, BTC has recovered with steady momentum, supported by increased ETF inflows and a growing sense of confidence from institutional investors.
The market has been watching the $104Kโ$105K support zone closely, and bulls defended it successfully. Now, all eyes are on a potential retest of the $110,000 resistance, which could open the door to further upside. If this key level breaks, traders are eyeing targets at $114K and even $120K in the short to mid term.
Technically, momentum indicators are flashing bullish signals. The MACD has crossed upward, and the RSI remains in healthy territoryโsuggesting there's still room to run. With macro uncertainty easing and liquidity returning, BTC might just be gearing up for its next leg up.
๐ Market outlook remains cautiously optimistic. If BTC continues to consolidate above $107K, a breakout toward $110K+ becomes increasingly likely.