#BTC110KToday? Bitcoin (BTC) Analysis – Between Anticipation and Explosion
Current Price: $103,000 – $104,500
Main Support: $98,000
Next Resistance: $107,000 – $110,000
Overall Trend: Bullish with Temporary Consolidation Periods
1. Technical Analysis (Daily Frame):
RSI: In a Moderate Range (60–65), Supporting Continued Momentum
MACD: On a Positive Path Since Early May
Chart Pattern: Narrow Sideways Trading Between 101k and 104k, Which May Pave the Way for a Strong Breakout
Note: Breaking Above 105k with a Clear Close Could Push the Price to Levels of 110k and Above.
2. Fundamental Analysis:
Institutional Demand: ETF Funds Continue to Withdraw Bitcoin from the Market
Scarcity: Supply Decreases After Halving, Creating Upward Pressure
Market Confidence: Fear and Greed Indicators Show "Greed", Reflecting Broad Optimism
Conclusion:
Bitcoin is Steadily Moving Towards New Peaks, But Any Temporary Correction Represents a Buying Opportunity in the Medium Term.
Do You Expect a Price Explosion Soon? Share Your Opinion in the Comments!
