🚨 Quick Analysis of BTC/USDT – Are we going to see a new breakout soon? 💥
Current price: **$107,977**
Bitcoin continues a strong upward trend after a clear rebound from the $98,200 area 🔥
And the recent candles above the MA7 (7-day moving average) confirm stable upward momentum.
📊 Key observations from the chart:
- The price broke the resistance at $105,000 and is trying to stabilize above $108K
- The moving averages MA7, MA25, and MA99 are arranged in an upward order → Positive signal
- The volume is slightly declining, but the momentum is still present as long as it stays above $106,500$
📉 Current support areas:
🔹 $106,500$
🔹 $104,300$
📈 Upcoming resistances:
🔺 $108,300$
🔺 $110,000$ (Strong psychological area)
💡 Summary:
If the price stays above $108K during the day, we might see an attempt to break $110K
But if it drops and breaks below $106.5K, we might retest $104K again.
👇 What do you think? Entry or exit? Write your prediction in the comments!
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