$BTC /USDT BULLS EYEING NEW HIGHS AS MOMENTUM REMAINS STRONG
Bitcoin is trading around $111,500 after bouncing from the $108,600 support zone, showing strong bullish continuation. Price is currently holding above all major moving averages (MA7: 111,716 | MA25: 111,445 | MA99: 110,362), signaling sustained strength. A push above the $112,371 resistance could open the door to new highs, while strong volume supports the bullish bias.
Trade Setup:
Long Entry: 111,200 – 111,600
Targets (TP): 112,800 / 114,000 / 115,500
Stop Loss (SL): 109,500
Market Outlook:
BTC remains bullish as long as it holds above 110,000 support. If buyers push above 112,500, we may see accelerated upward momentum. However, rejection at resistance could trigger a brief consolidation before the next leg higher.
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