#NFPWatch Bitcoin exceeds 110K dollars amid growing market optimism and strong sentiment.
$BTC ✨✨✨✨✨✨
#BTCReclaims110K Bitcoin has regained bullish momentum, recently surpassing 110,000 dollars and approaching its all-time high of 111,970 dollars. This latest rise follows weeks of trading within a narrow range between 100,000 and 110,000 dollars, suggesting renewed strength from buyers after a period of consolidation.
✨In summary.
👉Bitcoin has surpassed 110,000 dollars, nearing its all-time high close to 111,970 dollars after weeks of stable trading.
👉The price has broken out of a downward channel, signaling potential for continued bullish momentum.
👉The Fear and Greed Index rose from 63 yesterday to 73 today, reflecting growing bullish sentiment.
Breaking barriers: Bitcoin breaks the downtrend.
Bitcoin had been confined within a downward channel for several weeks, a chart pattern marked by gradually declining highs and lows. This structure typically indicates short-term bearish sentiment. However, the coin has now moved above the upper limit of that channel, which is often seen as a signal of a possible bullish reversal.