$BTC The BTC/USDT pair trading at $108,881 suggests a highly bullish momentum, likely driven by strong
buying pressure, institutional interest, or macroeconomic factors favoring Bitcoin (e.g., ETF inflows, halving effects, or weakening fiat currencies.
Key observations:
Bullish Momentum: Sustained upward movement indicates strong confidence.
Resistance Levels: Watch for psychological barriers near $110K or previous ATHs.
Volume & Liquidity: High volume supports the trend; low volume may signal exhaustion.
Market Sentiment: Extreme greed (per fear & greed index) could precede a pullback.
Short-term Outlook: If momentum holds, next targets could be $110K upto $120k A reversal below $105k