Bitcoin Surpasses $106K — Time for Spot Traders to Shine?
Bitcoin just broke above $106,280, confirming bullish momentum as it holds strong above its 5‑ and 10‑day moving averages. RSI is overbought (~72), and short-term consolidation could pave the way for the next breakout.
🔍 Key Factors:
Institutional inflows from giants like BlackRock and Fidelity are pushing BTC into fresh highs.
Technicals show solid uptrend support; a short dip toward $105K could be a good entry.
If $106K holds, the next resistance lies around $110K–$112K.
💡 What You Should Do:
Spot traders: Consider accumulating small stakes on dips (around $105K–$105.5K) to play the potential breakout above $110K.
Stop-loss tip: Place it just below $104K to manage risk.
Take-profit zones: Scale out near $110K–$112K and re-enter on pullbacks.
🚨 Disclaimer: Not financial advice. Crypto markets are volatile. Trade with caution and risk only what you can afford.
Want to trade smarter? Use my link to buy Bitcoin spot — earn gains and support my commission at no extra cost!