🚀 Bitcoin Blasts to NEW ALL-TIME HIGH! Bulls Take Full Control! 🔥
Bitcoin ($BTC ) has done it again! The price surged to a record high, breaking above $109,000 and hitting a new all-time high above $110,698! The market is consolidating its gains, and all signs point to bulls being firmly in charge.
Here's the technical breakdown:
* Strong Foundation: Bitcoin rallied from $104,200, clearing the $106,000 and $107,500 barriers with conviction.
* Holding Above Key Levels: BTC is currently trading above $107,000 and the 100-hour Simple Moving Average (SMA), a strong bullish signal.
* Uptrend Intact: A positive trend line on the hourly BTC/USD chart provides solid support around $107,800.
* Momentum Indicators: Both the MACD (rising in the positive zone) and the RSI (over 50) confirm strong bullish momentum.
🎯 Next Targets: Eyeing $115,000 and Beyond!
If Bitcoin can decisively break through $110,850, the next major resistance lies at $115,000. A sustained close above $115,500 could unlock further significant advances, potentially pushing the price beyond $118,000!
Is this just the beginning?
📉 Are BTC Dips Limited?
Any potential dips are likely to find strong support. Immediate downside support is at $109,000. Key support areas include the trend line and 50% Fib retracement level at $107,500, followed by $106,500 and then $105,000. A strong bounce from these levels would confirm sustained bullish interest.
Keep these levels on your radar! What's your next price target for BTC? 👇
Major Support Levels: $109,000, $107,500
Major Resistance Levels: $113,850, $115,000
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