🚀 Can BTC break out this time?
Here’s the technical picture:
Resistance around $114K–$112K: BTC has been pushing against its recent highs near ~$112K–$114K
CME futures gap: There's an open CME futures gap near $108.3K, which often leads to short-term retracements
Cup-and-handle pattern: Some analysts suggest a technical bullish setup that could drive BTC to as high as $230K if confirmed
Institutional momentum: Spot ETFs have attracted over $45 B in inflows, and whales have been increasing accumulation
Summary
Latest BTC price: ~$108.3K (not $108K+ above breakout yet).
It's range-bound between approximately $100K–$110K.
A true breakout requires a volume-backed close above ~$112–114K.
Key near-term level: the CME gap at ~$108.3K, which may act as a magnet.
Short-term retrace is possible, but strong ETF interest and whale accumulation boost the bullish narrative.
✅ Final word
BTC isn't yet breaking out — it’s consolidating in a tight range. A decisive volume-filled move above $112–114K could unlock the next leg higher. If it dips, the $108.3K CME gap is likely support to watch. Will love to hear views from you.
