Bitcoin Holds Strong Above $108K — All Eyes on $110K Resistance.#BTCBreaks110K
Bitcoin (BTC) is currently trading above $108,000, showing strong bullish momentum after last week's rally. The world’s largest cryptocurrency is now eyeing the next major resistance level at $110,000, a key psychological and technical barrier.
Over the past 24 hours, BTC has maintained a steady range between $108,500 and $110,200, indicating that buyers are still in control. This price action follows positive sentiment from institutional investors and a temporary weakening of the U.S. dollar.
Crypto analysts suggest that if BTC breaks and holds above $110,000, we could see a rapid push toward $115K or even $120K in the coming weeks. However, failure to hold above $108K might trigger a short-term pullback to $105K or lower.
The RSI remains neutral, and trading volumes are gradually increasing — both signs of a potential breakout. With U.S. CPI data and global inflation reports coming soon, volatility is expected.
🔍 Key Levels to Watch:
Support: $108,000 / $105,300
Resistance: $110,000 / $112,500
What’s your BTC target this week — $110K or $100K? Share your thoughts below!