🔥BITCOIN COILING TIGHT — IS A PUSH BEYOND $110K COMING NEXT❓
Bitcoin reclaimed momentum above $107,500 and climbed past $108,500, now holding steady above the 100-hour SMA.
The hourly BTC/USD chart shows a short-term ascending channel with support near $109,500.
Immediate resistance sits around $110,000, with a stronger barrier near $110,500. A decisive break above could fuel a rally toward $112,000 and even $113,200.
If BTC slips below $110,000, key support levels to watch are $109,500 and $108,800. A deeper pullback could test $107,850 — the 50% Fib retracement of the recent move — and possibly $106,400 if sellers press further.
Technical Snapshot:
✅ Hourly MACD: Losing steam but stays in positive territory.
✅ RSI: Above 50, showing buyers still hold ground.
🔑 Major Support: $108,800, $107,850
🔑 Major Resistance: $110,000, $110,500