🚨 #BTC110KToday? Here's What the Charts Say 📊

As Bitcoin flirts with the psychological $110K zone, it's not just hype—there's serious technical strength behind this move.

🔍 Technical Breakdown:

📈 Trend Structure:

BTC has broken out of a 3-month symmetrical triangle on the daily timeframe, confirming bullish continuation. Previous resistance at $100K flipped to strong support.

📊 Moving Averages:

50 EMA crossed above the 200 EMA on the 4H and daily chart – Golden Cross confirmed.

BTC is comfortably trading above both, showing strong momentum.

🟩 RSI (14):

Hovering near 70 – not yet overbought on higher timeframes.

Suggests room for more upside before correction.

🔗 Fibonacci Extension Levels:

1.618 Fib level from the last swing low projects a target of $112K–$114K

Confluence aligns with a major resistance cluster from historical models.

🧠 On-Chain Signals:

Exchange reserves continue to drop 📉

HODLer net position change is positive 🔒

Whale wallet activity surged in the $105K–$107K range 🐋

📊 Volume Profile:

Strong breakout volume on the rise to $110K confirms buy-side conviction.

Consolidation likely between $109K–$112K before next leg up.

⚠️ Short-Term Risk Zone:

Watch for rejection near $114K

Possible retracement to $103K–$105K support zone (healthy reset)

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🎯 Conclusion:

While $110K was once a dream, #BTC110KToday isn't just a headline—it’s a technical reality supported by breakout patterns, on-chain strength, and momentum indicators. 📈

But remember: Volume confirms trend, RSI confirms exhaustion, and patience confirms profit.

👉 Stay sharp. Manage risk.

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