Bitcoin (BTC) saw a strong jump this morning, surpassing the critical resistance level at $107,500, opening the door for the possibility of reaching $110,000 in the coming hours.
$BTC $TRUMP $PEPE
🔍 Quick technical overview
Current resistance: $107,500 — Successfully broken, enhancing bullish momentum.
Next resistance: $108,800, followed by the psychological and technical resistance at $110,000.
Technical indicators: Relative Strength Index (RSI) above 50, indicating buyer dominance.
📈 Upcoming resistance levels
$110,000: An important psychological and technical resistance level.
$115,000: Momentum breakout area.
$120,000: Confirmation of a strong and sustained rise.
🛡️ Potential support levels
$105,800: Immediate support in case of a correction.
$105,000: A major support level to watch.
$104,200: Critical support in case of a price decline.
🧠 What is driving this rise?
Increased institutional interest with continuous inflows to ETF funds.
Declining Bitcoin supply on exchanges, increasing buying pressure.
Market optimism about a new bullish cycle driven by positive technical movements.
⚠️ Important alert
Cryptocurrency markets are characterized by high volatility. This content is for educational purposes only and does not constitute financial advice. Please manage risks and do not invest more than you can afford.
Do you think Bitcoin can break the $110,000 barrier today? Share your predictions!