In the last trading session, Bitcoin (BTC) showed an impressive rally, recording a price of $111,619.05 and an increase of +3.72% in the last 24 hours. Throughout the day, BTC reached a peak of $111,980 and a low of $107,533, indicating quite high volatility but still in an upward trend. The total spot trading volume reached 37,995.72 BTC (equivalent to $24.513.70 Billion USDT)—a figure that shows high buying interest and liquidity in the market.
In the past week, Bitcoin has strengthened by +7.53%, solidifying its position at the upper psychological level after surpassing the previous resistance zone. BTC's market capitalization is now approaching $2.21 Trillion, with a circulating supply of around 19.87 million coins, reaffirming BTC's dominance as the leading cryptocurrency.
“Imagine you went long at $109,000 yesterday—today you are sitting back watching the BTC chart break through $111,500! 🚀” This story is not just numbers: bullish sentiment appears strong after on-chain data shows an increase in large-scale transfer activity, indicating institutional accumulation.
📈 Insights & Entry/Exit Strategy
Support & Resistance Levels
Strong support at $110,000–$110,500**; if this level backtests, the potential rebound is high.
The nearest resistance is at $112,000; indicate partial take-profit when approaching this figure.
RSI & Momentum
The 14-day RSI is currently in the 65–70 zone, nearing overbought levels—prepare a trailing stop to lock in profits.
Volume Confirmation
A surge in 24-hour volume has breached the weekly average, affirming the validity of the breakout rather than a false breakout.
“Click $BTC and check the Top Movers widget for quick entry opportunities! 🔥
