Bitcoin ($BTC ) has shown strength at the start of the week and remains above the psychological level of $108,000, despite the volatility dominating the crypto market. According to the daily chart in Binance futures, $BTC has fluctuated between $107,400 and $108,964, consolidating a firm technical support while situated within the Bollinger bands, marking a possible accumulation before the next big move.
The trading volume in 24h exceeds 11.38B USDT, indicating that there is still institutional and retail interest despite the sideways environment. With an RSI at 58.0 and a slightly bullish MACD, traders are on the lookout for a possible breakout towards $112,000, an area where the next critical resistance begins.
📉 Although the selling pressure has not disappeared, $BTC has shown that it remains the king asset. Amid macroeconomic uncertainty and pending decisions from the Federal Reserve, many are using this stage to strategically accumulate.
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