Bitcoin is on fire! It just hit $110,981.96 and is now at $110,608.47, up 3.57% in a day!
The bulls are charging, pushing prices higher. Key support levels are gone, and resistance is next.
All signs point up: MA(7), MA(25), and MA(99) are all bullish.
Will Bitcoin reach $120K or take a breather? Share your thoughts below!
HODLers: 🚀
Traders: 💰
Market: 🔥
Vibe: 🎉
Big day for crypto fans!
Entry: Consider entering a long position if the price breaks above $111,620.00, confirming the breakout. Alternatively, wait for a pullback to the MA(7) at $110,798.88 or support at $109,111.12 for a better entry point with lower risk.
Target: Aim for a target around $112,000, given the lack of resistance above the current price. Use a trailing stop to capture further gains if the trend continues.
Stop Loss: Place a stop loss below the recent swing low at $109,111.12 or the MA(7) at $110,798.88 to manage risk, especially given the volatility at all-time highs.
