$BTC 🚀 BTC Recovers After ATH Drop! Is $110K Still in Sight? 🔥
Bitcoin hit an ATH of $109,588, but as expected, the market took a breather, pulling back to a low of $99,550. Now, BTC is back up, trading at $106,706.64. Let’s dive into the chart and figure out what’s happening and where BTC might go next!
What Happened After the ATH?
After touching $109,588, BTC faced selling pressure, triggering a sharp correction. This kind of pullback is normal after such a massive run-up—traders lock in profits, creating temporary downward pressure.
But here’s the good news: BTC held strong support at $99,550 and has now bounced back with solid buying momentum. The bulls are back in action! 💪
Chart Analysis: Patterns & Key Levels
Support Levels:
1. $105,673 – Immediate support if BTC pulls back slightly.
2. $103,464 – Stronger support zone where buyers previously stepped in.
Resistance Levels:
1. $108,000 – Immediate resistance to break.
2. $109,588 – The previous ATH and a key barrier.
3. $110,089 – Major psychological resistance and a big milestone for bulls.
Volume and MA Signals:
BTC is trading above the 5 MA (2,304) and 10 MA (2,153), confirming the short-term bullish momentum.
The bounce came with strong volume, which shows the market has confidence in higher prices.
What’s Next for BTC?
If BTC continues this recovery:
A breakout above $108,000 could quickly take us back to retest the ATH at $109,588.
Once that level is cleared, we’re looking at the big $110K milestone as the next target.
On the flip side, if the rally slows down, BTC could dip back to $105K-$103K, which are safer zones for reaccumulation.
Next🤔
BTC is showing resilience after the ATH drop—this is a healthy pullback, not a crash. The bulls are still in control, but we need to break $108,000 to confirm further upside.
The question is: Will BTC reclaim $110K, or will we see more consolidation? One thing is for sure—this market is heating up, so stay alert
