$BTC 🚀 Bitcoin Tests $105K Support Amid Market Volatility – Key Levels to Watch! 🚀

The BTC/USDT pair is trading at $105,764.47 (+1.20% in 24H) after bouncing off critical support at $104,300, as Bitcoin shows resilience despite recent market turbulence . Here’s what traders need to know:

📊 Key Metrics:

- 24H Range: $104,300–$106,128.57 (testing upper resistance)

- 30-Day Performance: +1.93%, with a high of $111,980 this month.

- Volume: $6.9B in 24H trades, signaling strong liquidity.

🔥 Catalysts Driving Action:

1️⃣ Institutional Demand: Spot Bitcoin ETFs continue to see steady inflows, supporting price stability.

2️⃣ Macro Sentiment: Fed rate cut expectations (65% for September) could fuel further upside.

3️⃣ Technical Setup: RSI at 54 (neutral), but a golden cross (50DMA > 200DMA) hints at bullish momentum.

💡 Pro Tip: Watch for a close above $106,128 – breakout could target $110K next .

Did You Know? Bitcoin’s 24H buy/sell ratio is 49%/51%, reflecting balanced market sentiment .

Like, comment and share to 5 people.

$BTC