$BTC

Bitcoin is currently trading around the $110,000 level, with bullish momentum supported by rising trading volumes. The moving averages (EMA 50 and 200) are showing a bullish crossover, indicating the continuation of the positive trend. The main resistance level at $111,000 may be tested soon, with strong support at $108,970. The Relative Strength Index (RSI) at 65 shows moderate momentum without overbought conditions. If the price breaks above $111,000 with high trading volumes, it may target $120,000. Conversely, breaking the support at $108,000 could lead to a correction towards $100,000. Recommendation: Monitor the resistance level with strict risk management.