๐จ Bitcoin Price Update: $120K Incoming or $100K Breakdown? Hereโs the Game Plan! ๐ฅ
As of now, Bitcoin (BTC) is trading around $105,540, showing bullish signs with a 1.7% intraday gain. But the market is at a crucial turning point.
๐น Support Levels:
$103,400 (intraday pivot)
$101,400 (key bounce zone)
$100,000 (psychological & long-term support)
๐น Resistance Levels:
$106,995 (minor resistance)
$108,500 (local swing high)
$110,000โ112,000 (major breakout zone)
๐ Technical Setup:
Bitcoin just confirmed a Golden Cross and broke out of a bull flag, both strong bullish signals. However, a rising wedge hints at a potential reversal if the price fails to hold key support.
๐ Fundamental Drivers:
Major institutional buying (MicroStrategy, corporate treasuries)
US regulatory clarity and pro-crypto stance
Fed rate cuts and global liquidity boosts risk asset appetite
๐ If $BTC holds above $106K and breaks $108.5K, expect a rally toward $112Kโ$125K.
โ ๏ธ But a drop below $103K could lead to a correction toward $100Kโ98K.
๐ง Stay sharp: Donโt FOMO. Watch the levels. Trade with a plan.
