MrSmile97
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BTC GOING UP and UP.....
$BTC just skyrocketed past $112,000 to a new all-time high, throwing a party for HODLers while zipping through the stratosphere like a crypto-powered rocket! 🚀 Fueled by institutional FOMO, ETF inflows, and easing trade tensions, BTC’s laughing off the $40K crash predictions with a cheeky wink.
Analysis: Technicals show a bullish breakout from a consolidation range ($106K–$110K), with an inverted head-and-shoulders pattern and rising 50-day EMA signaling strong momentum.
Key levels to watch: support at $108,000 (recent resistance turned support) and $105,000 (50-day SMA); resistance at $115,000 and $120,000, where liquidity clusters suggest a magnet for price action.
On-chain data shows long-term holders accumulating 605,000 BTC, with MVRV at 5.25% indicating room for growth before overbought conditions.
Next Direction: A close above $112,000 could propel BTC to $120,000 by late July, driven by short liquidations and whale accumulation, but a failure to hold $108,000 might trigger a pullback to $105,000–$106,000 for liquidity grabs. Strategy: HODL for $120K targets, day trade $108K–$112K swings, or buy breakouts above $115K with stops below $108K. Keep the good vibes—BTC’s ready to dance higher! 😎 Please DYOR
$BTC
$BTC just skyrocketed past $112,000 to a new all-time high, throwing a party for HODLers while zipping through the stratosphere like a crypto-powered rocket! 🚀 Fueled by institutional FOMO, ETF inflows, and easing trade tensions, BTC’s laughing off the $40K crash predictions with a cheeky wink.
Analysis: Technicals show a bullish breakout from a consolidation range ($106K–$110K), with an inverted head-and-shoulders pattern and rising 50-day EMA signaling strong momentum.
Key levels to watch: support at $108,000 (recent resistance turned support) and $105,000 (50-day SMA); resistance at $115,000 and $120,000, where liquidity clusters suggest a magnet for price action.
On-chain data shows long-term holders accumulating 605,000 BTC, with MVRV at 5.25% indicating room for growth before overbought conditions.
Next Direction: A close above $112,000 could propel BTC to $120,000 by late July, driven by short liquidations and whale accumulation, but a failure to hold $108,000 might trigger a pullback to $105,000–$106,000 for liquidity grabs. Strategy: HODL for $120K targets, day trade $108K–$112K swings, or buy breakouts above $115K with stops below $108K. Keep the good vibes—BTC’s ready to dance higher! 😎 Please DYOR
$BTC
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BTC
117,916.05
+3.92%