$BTC today‼️
45% of profit since our publication was brought by our trading idea with 10x leverage. Excellent trade.
Bulls were able to keep the Bitcoin price above $105,000, which we have repeatedly written about in our publications.
We also talked about the increased number of Bitcoin purchases by companies and funds. Purchases continue (for example: British company Smarter Web Company bought another 45 BTC on its balance, Canadian Belgravia Hartford starts buying BTC on its balance). Check our publications.
This factor became the main positive signal for most market participants, which caused new purchases and FOMO.
Pay attention to the conditional resistance/support line at $107,040, the price first broke the resistance, and then tested it again. Bullish narrative.
In theory, the Bitcoin price will probably return to $107,040 to confirm the upward sustainable trend. In practice, after a sharp surge, the stop losses of shorts are liquidated, then short-term profit-taking occurs, after which the number of purchases decreases and algorithms begin to look for new levels of liquidity.
Bearish target:
TG1: $107,040
Bullish target:
TG1: $111,033
Profit to all💰💪