๐ Live Technical Analysis: Will Bitcoin Break 110K Soon? ๐
Hello Binance Square Community!
I'm Ibrahim, and today I'm sharing my technical view on $BTC after it reached the $106,000 levels for the first time in a while.
๐ Quick Analysis Details:
โข Current Price: $105,600 โ $106,000
โข Bitcoin broke the 105K barrier and established itself, and now it's trying to break 106K.
โข There is clear resistance at 106K, and if surpassed consistently, the next target will be 110K.
โข In the case of rejection, we might see a retest of support at $104,500 or even $102,000.
๐ The technical indicators (RSI + MACD) on the 4-hour timeframe are still positive, but they need confirmation with the upcoming candles.
๐ฏ My question to you:
Do you think Bitcoin can break $110,000 within the week?
Or will we see a correction soon?
Share your thoughts in the comments, and I will follow up with everyone who interacts! ๐
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