📰 Bitcoin’s Next Move: Breakout or Pullback?
Bitcoin is currently testing a key resistance zone between $109,800 and $111,500, where strong institutional sell orders could trigger a rejection. If it fails to break through, analysts expect a potential pullback toward the $106,500–$107,500 range.
Despite this, short-term momentum remains bullish. BTC is forming higher lows, technical indicators like MACD and KDJ are turning positive, and the price is attempting to reclaim the $110K level.
If Bitcoin decisively breaks above $111,800 with strong volume, it could spark a rally toward $112K–$113K, and possibly higher.
On the macro side, upcoming central bank meetings—particularly from Japan—could provide further support for risk assets, including crypto. Additionally, Binance’s increasing involvement in global crypto policy is strengthening institutional confidence.
Outlook
Bitcoin is at a critical juncture. Watch for price action around $111K. A breakout could ignite a new bullish wave, while rejection may lead to a healthy correction before any sustained move higher.
