meeshu_omii
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#BTCBreaksATH ✅✅
Bitcoin Hits New Highs – Key Levels to Watch
Bitcoin ($BTC) has soared to $108,102.53, reflecting a 3.13% increase in the past 24 hours, reaching a peak of $109,588. The surge follows a rebound from a low of $99,550, demonstrating strong bullish momentum.
Current Market Snapshot:
BTC Price: $107,918.99 (+3.38%)
24H High: $109,588
24H Low: $99,550
Key Resistance Levels:
$109,588: Immediate resistance; a breakout could pave the way for new highs.
$112,000: A major resistance zone that could challenge further upward movement.
Key Support Levels:
$105,673: Crucial short-term support to maintain the bullish trend.
$103,464: A stronger support zone for potential rebounds if prices pull back.
Trading Strategies:
Long Positions:
Consider entry around $108,200, with targets at $109,588 and $112,000.
Suggested stop-loss below $105,500 to minimize risk.
Short Positions:
Potential entry near $109,500 if a rejection occurs, aiming for $105,673 and $103,464.
Stop-loss above $110,000 recommended.
Market Insights:
RSI: At 72.08, indicating overbought conditions, suggesting a possible pullback or consolidation.
MACD: Displays strong bullish momentum.
Volume Trends: Watch for volume surges near resistance for breakout confirmation or reversal signals.
Traders should remain cautious and practice solid risk management as Bitcoin tests critical levels.
#BTCBreaksATH #Write2Earn #BTCNextATH? $BTC
Bitcoin Hits New Highs – Key Levels to Watch
Bitcoin ($BTC) has soared to $108,102.53, reflecting a 3.13% increase in the past 24 hours, reaching a peak of $109,588. The surge follows a rebound from a low of $99,550, demonstrating strong bullish momentum.
Current Market Snapshot:
BTC Price: $107,918.99 (+3.38%)
24H High: $109,588
24H Low: $99,550
Key Resistance Levels:
$109,588: Immediate resistance; a breakout could pave the way for new highs.
$112,000: A major resistance zone that could challenge further upward movement.
Key Support Levels:
$105,673: Crucial short-term support to maintain the bullish trend.
$103,464: A stronger support zone for potential rebounds if prices pull back.
Trading Strategies:
Long Positions:
Consider entry around $108,200, with targets at $109,588 and $112,000.
Suggested stop-loss below $105,500 to minimize risk.
Short Positions:
Potential entry near $109,500 if a rejection occurs, aiming for $105,673 and $103,464.
Stop-loss above $110,000 recommended.
Market Insights:
RSI: At 72.08, indicating overbought conditions, suggesting a possible pullback or consolidation.
MACD: Displays strong bullish momentum.
Volume Trends: Watch for volume surges near resistance for breakout confirmation or reversal signals.
Traders should remain cautious and practice solid risk management as Bitcoin tests critical levels.
#BTCBreaksATH #Write2Earn #BTCNextATH? $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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