#BTCBreaksATH110K BinanceAlpha$1.7MReward#GENIUSAct

BITCOIN FUNDAMENTAL UPDATE 🚀

What a day for Bitcoin as it once again breaks into price discovery mode, currently trading around 110,850. The bullish momentum is clearly in control, with BTC surging past the previous all-time high and showing no signs of slowing down.

🔹 Current Market Situation

BTC is trading significantly above all major exponential moving averages (20, 50, 100, and 200) on the daily chart, confirming strong bullish structure. The RSI continues its upward trajectory and is now in overbought territory, which reflects the aggressive buying pressure from market participants.

🔹 Important Technical Point

The breakout above the key resistance at 107,200 has now opened the path toward uncharted territory. As there is no historical resistance ahead, psychological levels like 115,000 and 120,000 may act as soft targets. On the downside, minor support can be seen at 106,500 and a stronger zone around 102,000.

🔹 Fundamental Catalyst to Watch

There are no major economic events lined up today, giving Bitcoin the clean technical runway it needs to continue its climb. This calm in the macro environment is allowing pure sentiment and momentum to dictate the market flow.

🔹 What to Expect

With Bitcoin already in a price discovery phase and no technical resistance overhead, the market may remain extremely volatile. A healthy consolidation above 107,000 would be ideal before the next leg up. Traders should stay alert for volume spikes and potential short-term pullbacks to key support levels.