EmmaCalls
--
Bullish
#BTCBreaksATH #BTCNextATH? $BTC /USDT Analysis: Bullish Momentum Nearing Key Resistance
#Bitcoin is trading at $109,040.84, up 4.35% over the past 24 hours. It has reached a high of $109,588 and is gaining momentum as it approaches significant resistance zones.
Key Levels to Watch:
Resistance:
$109,600 (Immediate resistance)
$110,000 (Psychological barrier)
Support:
$107,800 (Strong immediate support)
$105,600 (Critical support to maintain bullish momentum)
Trade Setup:
Long Entry: Above $109,600
Targets:
1. $110,000
2. $112,000
Stop Loss: Below $107,800
Short Entry: Below $107,800
Targets:
1. $105,600
2. $103,400
Stop Loss: Above $109,600
Market Insight:
RSI at 79.30 indicates overbought conditions but suggests strong bullish pressure.
MACD shows sustained upward momentum, supported by increasing volumes.
Parabolic SAR below the price confirms an ongoing uptrend.
A breakout above $109,600 could propel BTC to test $112,000 or higher. However, a rejection may trigger a pullback toward $105,600. Traders should monitor price action and volume for confirmation.
#Bitcoin is trading at $109,040.84, up 4.35% over the past 24 hours. It has reached a high of $109,588 and is gaining momentum as it approaches significant resistance zones.
Key Levels to Watch:
Resistance:
$109,600 (Immediate resistance)
$110,000 (Psychological barrier)
Support:
$107,800 (Strong immediate support)
$105,600 (Critical support to maintain bullish momentum)
Trade Setup:
Long Entry: Above $109,600
Targets:
1. $110,000
2. $112,000
Stop Loss: Below $107,800
Short Entry: Below $107,800
Targets:
1. $105,600
2. $103,400
Stop Loss: Above $109,600
Market Insight:
RSI at 79.30 indicates overbought conditions but suggests strong bullish pressure.
MACD shows sustained upward momentum, supported by increasing volumes.
Parabolic SAR below the price confirms an ongoing uptrend.
A breakout above $109,600 could propel BTC to test $112,000 or higher. However, a rejection may trigger a pullback toward $105,600. Traders should monitor price action and volume for confirmation.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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