đ Bitcoin today reached around $111,260, with a rebound from the $108,600 zone to a peak of nearly $111,750. This movement marks a clear recovery following a slight previous correction.
đ Important signals:
The consolidation between $108â112k indicates a balanced market, ready for a potential new move.
Volumes remain strong, suggesting that institutional investors continue to support the market.
The withdrawal of assets from exchanges limits the available supply, which could facilitate a future bullish push.
đ§ My viewpoint:
I see this rebound as a tactical relief rather than just a temporary bounce. As long as Bitcoin stays above $108k, the outlook remains favorable. A sustained close above $112k would pave the way for a test of $115â118k, or even higher. Conversely, a drop below $108k would change the game, with a risk of correction towards $104â106k.
đŹ Your turn: do you think this rebound will continue? Or are you waiting for a clearer signal before reacting?
