Bitcoin ($BTC ) – Holding the Line Above $110K
Bitcoin continues to show resilience after the recent pullback from the $116K zone. The market saw heavy liquidations last week, but $BTC has managed to stabilize above the $110K psychological level. Historically, whenever Bitcoin has retested major round numbers, it has often triggered renewed demand from both institutions and retail investors.
On the daily chart, the 50-day moving average is aligning as immediate dynamic support around $108K–$110K, suggesting that buyers are willing to defend this zone. Momentum indicators such as RSI are cooling off from overbought levels, leaving room for another leg higher. If Bitcoin holds above $110K, the next upside target is $120K, followed by $135K which represents a major Fibonacci extension from the 2022–2023 accumulation range.
However, if $110K fails, the next support zone lies around $103K–$105K, which previously acted as a breakout level. The trend remains bullish as long as $BTC trades above $100K, and the long-term structure continues to favor an eventual move towards $150K by 2026.
