$BTC /USDT
🔸 Bitcoin has remained strong above $114,500, supported by renewed institutional investment flow into crypto products, maintaining stability at that key level. Technically, it has consolidated above a descending resistance around $114,400–$115,500, although that area remains a significant technical challenge.
🔹 If it confirms a breakout and closes several candles above $115,500–$116,200 with good volume, we could see:
🎯 $120,000–$122,000 as the next short-term target.
🔄 Extended target: $130,000–$150,000, with even potential towards $150,000 driven by an inverse “head and shoulders” technical pattern or consistent institutional flows.
⚠️ Warning: If it fails to break the resistance or falls below $113,000–$114,000, we could see a retracement towards $110,000–$107,900. Arthur Hayes warns that although technical support remains strong, certain macro factors could cause BTC to test $100,000.
✅ Should I buy back now?
It would be wise to wait for a drop towards $110,000–$114,000, levels where solid technical support has already been observed, before considering re-entry.
📌 Current recommendation:
Action Condition to do it Target Stop-loss
✅ Buy Only if it breaks and confirms above $115,500–$116,200 with solid volume $120,000–$122,000 $114,000
🔁 Wait If it retraces towards $110,000–$114,000 showing clear technical support $120,000–$122,000 (→ $130,000–$150,000) $107,900–$110,000
🎯 Extended target: $130,000–$150,000, with the positive scenario supported by bullish technical patterns and strong institutional inflows.
