đš Bitcoin Price Analysis (BTC/USDT): Calm Before the Next Big Move? âĄ
Bitcoin is showing mixed momentum this week â after touching $128,180, BTC corrected sharply and is now trading near $111,444 with slight recovery signs.
đ Market Overview
Open: $110,763
High: $111,982
Low: $109,635
Close: $111,444 (+0.60%)
MA(7): $112,682 (short-term resistance)
MA(25): $115,748
MA(99): $115,536
BTC is currently below all major moving averages, hinting at short-term bearish pressure, but strong support is holding near $110Kâ$109K.
đ„ Technical Insights
The MA(7) crossing below MA(25) confirms a bearish phase, but momentum seems to be slowing down.
Bulls are defending the $110K zone â a critical psychological level.
A daily close above $113K could signal a short-term reversal.
Failure to hold $109K might send BTC toward $105K or even $102K.
đ Analyst View
The market is in a wait-and-see phase after heavy selling. Many traders are calling this a consolidation zone before the next leg up.
Watch for volume spikes near $112K â that could confirm the return of buyers.
đ§ Bitcoin Outlook:
Short-Term: Neutral-to-bearish âïž
Mid-Term: Bullish bias intact above $105K đȘ
Key Resistance: $115K â $118K
Key Support: $109K â $102K
đŹ Caption (For Binance Square Post)
⥠#Bitcoin is holding the $110K zone after a sharp drop from $128K!
Bears losing steam â or is this just a calm before the next breakout? đ€
đč Support: $110K
đč Resistance: $115K
Watch for a break above $113K â it could trigger a strong recovery move!
Whatâs your prediction? Will #BTC pump back to $120K or dip below $105K? đ
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