🚨 Bitcoin Breakout Alert — Bulls Charge In as Price Flashes Green!

Above $108,500, bitcoin price rose again. BTC is up over 3% and shows promise over $110,000.

Bitcoin rose beyond $108,500 again.

The price is over $110,500 and the 100-hour SMA.

BTC/USD broke over a negative trend line with resistance at $108,800 on the hourly chart.

The pair may increase if it breaks $112,000 barrier.

Bitcoin Price Expects Growth

Bitcoin rose after breaking the $108,500 barrier zone. BTC accelerated beyond $108,800 and $109,500 barrier.

BTC/USD broke over a negative trend line with resistance at $108,800 on the hourly chart. Bulls pushed the pair over $110,000 resistance. It allowed a move toward $112,000.

Price is holding gains after hitting $112,000 high. It hit the 23.6% Fib retracement level of the $107,500 swing low to $112,000 high.

Bitcoin is over $109,500 and the 100-hour SMA. Near $111,600 is immediate upward barrier. First major resistance is around $112,000. Next resistance may be $112,500.

A closing above $112,500 barrier might boost prices. Should the price climb, it might challenge $115,000 barrier. More advances might push the price beyond $116,000. The primary goal may be $118,000.

BTC Downside Correction?

Bitcoin may fall if it fails to break $112,000 barrier. Near $110,800 is immediate support. First significant support is at $109,750, the 50% Fib retracement level of the upward run from $107,500 swing low to $112,000 high.

Around $109,200 is the next support. More losses might push the price toward $108,500. BTC may go below $107,500, the primary support.

The technical indications

The MACD is rising in the positive zone.

Relative Strength Index hourly BTC/USD RSI is over 50.

Major Support Levels: $110,800, $109,750.

Major Resistance Levels: $112,000, $115,000.

#BTCBreaksATH #MuskAmericaParty #OneBigBeautifulBill #SECETFApproval #TrumpTariffs $BTC $ETH $XRP