$BTC 🚀Bitcoin Tests Key Support at $107K – Will the Bulls Hold? 🚀

The BTC/USDT pair is trading at $107,724.86 (-1.71% in 24H) as Bitcoin faces a critical retest of the $107,491.20 support level, a make-or-break zone for short-term momentum. Here’s what traders need to know:

🔥 3 Key Drivers:

1️⃣ Macro Tailwinds: Softer-than-expected U.S. CPI data (0.1% MoM) fuels Fed rate cut bets, with analysts now eyeing $200K BTC by year-end if $110K breaks.

2️⃣ Institutional Activity: CME Bitcoin futures open interest rose 9% this week, signaling whale accumulation.

3️⃣ Technical Crossroads: RSI at 42 (near oversold), but a close below $107K could trigger a dip to $105K.

📊 Critical Levels:

Support: $107,491 (today’s low) – hold could spark rebound

Resistance: $108,853 (today’s high) – breakout may target $110K+

💡 Pro Tip: Watch for a volume surge above $108K to confirm bullish reversal.

Did You Know? Bitcoin’s 24H volume hit $54.3B amid this retest – liquidity is king.

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