๐ $BTC Skyrockets to New Highs! Is This Just the Beginning? ๐ฅ
Bitcoin has smashed through resistance, reaching $115,885.38, with a sharp 4.30% intraday pump! The surge pushed BTC to a 24h high of $116,868, showing strong momentum and volume support (23,773 BTC traded in 24h).
๐ Key Observations:
MA(7): $112,164 โ BTC is trading well above short-term averages.
Volume spike confirms strong buying interest.
Support zone now sits around $110,500โ$112,000.
๐ Whatโs Next? If the bullish momentum continues and BTC breaks above $117K with volume, the next potential targets could be:
$120,000 psychological resistance
$125,000 extended breakout target
However, a retest of $112K support is also likely before further rally.
๐ก Advice for Traders:
Momentum traders: Watch for breakout above $117K.
Long-term holders: Trend looks bullish; consider DCA strategies.
Caution: Avoid FOMO. Sudden spikes often retrace.
๐ Prediction:
Short-term target: $120K
Mid-term (if trend sustains): $130Kโ135K range possible before any major correction.
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