Bitcoin is fluctuating around $109,090, just $90 from the critical threshold of $109,000, with only 3.5 days left until the deadline of July 11. The market shows a perfect 50-50 split on whether BTC will cross this line!
## Key Points of Technical Analysis:
- 📊 Bitcoin is forming a symmetrical triangle pattern (usually bullish)
- ✅ Healthy upward trend with the 50-day EMA above the 200-day EMA
- 🔄 The compression indicator shows bullish signals after a recent recovery
- ⚠️ Low ADX readings (13 on the 4-hour chart) indicate weak trend strength
## Key Resistance Factors:
1. Resistance of the descending trend line
2. Psychological level of $109,000
3. Horizontal resistance at $109,717
## Recent Price Movement:
The 4-hour chart shows that BTC fluctuates between $107,448 and $109,216, with the last close at $108,848, demonstrating resilience but still below the target threshold.
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The information above is not investment advice.