👀$BTC BTC Price Action: Will It Hit110K or Is a Pullback Coming?* 🚨
📈 *Current Value*: 96,548
📊 *Key Resistance*:110,000
📉 *Critical Support Zone*: 88,000–90,000
🧠 *Approach*: Blend of Technical Analysis (TA) and Fundamental Analysis (FA)
---
*Technical Analysis (TA)*
🟣 *Bitcoin* is trading above all major moving averages (21, 55, 200), showing a strong bullish trend.
📈 *MACD* has recently turned bullish on the weekly chart, signaling rising momentum.
📊 *RSI* is at 69.6 and climbing, still shy of overbought levels, leaving room for further upward movement.
🚀 The breakout from recent consolidation suggests increasing buying pressure.
---
*Fundamental Analysis (FA)*
💥 *Expectations of U.S. rate cuts* and a weakening *DXY* (U.S. Dollar Index) are fueling continued strength in the crypto market.
👀 *Institutional investments* are on the rise, and *ETF trading volumes* are recovering.
🔥 The *post-halving supply crunch* combined with reduced circulation continues to drive the long-term bullish narrative for Bitcoin.
---
*Market Scenario Setup*
*Bullish Outlook*: If BTC breaks above 97.3K, a quick move to102K is likely, with 110K being a probable target in the coming weeks.
*Bearish Outlook*: If BTC fails to hold97K, we could see a retracement to the 90K range for a healthy retest before pushing higher again.
—
*Swing Trading Strategy*
💡 *Consider entering* around93.5K–94K on a dip
🎯 *Target*:110K
🚨 *Stop Loss*: 91K
—
*What’s your prediction for BTC? Share your thoughts below 👇*
#Trump100Days #OnTheElephant #BTCRebound
BTCUSDT
*97,050.1* (+2.4%)
