Will BTC Break Out This Time?
Bitcoin is currently trading around $109,500 and consolidating in the critical $108,000–$110,000 range.
The recent surge above $108,800 signaled a slight profit-taking, but overall trend indicators remain bullish.
An upward trend above $110,000–$112,000, supported by halving cycles and increasing ETF inflows, could push the price to the $115,000–$143,000 level.
The main support level is at 107,000–107,965 dollars; a break below this level could bring the risk of a pullback to 105,000 dollars or even lower to 102,000 dollars.
The 4-hour golden cross and ADX around 60 confirm the upward trend. Macroeconomic data (Fed expectations, ETF capital inflows, institutional demand) continue to support the upward scenario.
