BITCOIN FUNDAMENTAL UPDATE 🚀

Bitcoin continues its powerful rally and is currently trading around 106,144 after a strong upside move. The market structure remains bullish as BTC keeps forming higher highs and higher lows on the daily timeframe, showing consistent strength from buyers.

🔹 Current Market Situation

BTC is trading well above the 20, 50, 100, and 200 EMAs, confirming bullish momentum on the daily chart. RSI is slightly cooling off after touching overbought levels, indicating minor profit-taking but still within bullish territory.

🔹 Important Technical Point

BTC is currently creating lower high and there is also a support at 105,000 so if btc tap this area and shows any signs of reaction from this area then we can see another higher high in upcoming weeks. Next targets are 111,963 (recent all-time high), 115,000, and 120,000 psychological numbers. On the downside, immediate support lies at 106,500 and stronger support near 102,000.

🔹 Fundamental Catalyst to Watch

Today’s main economic event is the release of the US Core PCE Price Index at 5:30 PM (PKT). While it is an important inflation metric for the US dollar, it is not expected to significantly affect the crypto market. However, traders should stay aware in case of unusual volatility.

🔹 What to Expect

BTC remains in a strong bullish trend and in price discovery mode. A clean consolidation above 105,000 will keep the structure healthy for the next bullish wave. Short-term volatility may increase, but the trend remains intact unless key supports break.