#BreakoutTradingStrategy
š **Bitcoin Breakout Today: What Happened?** š
Today, July 9, 2025, #Bitcoin ($BTC) shows breakout potential, trading at ~$108,865, approaching key resistance of $109,600-$110,500. Based on technical analysis, BTC is forming a symmetrical triangle on the daily chart, with Bollinger Bands narrowing, indicating significant volatility is imminent. MACD shows slight bearish momentum, but RSI at 53.8 is still neutral, allowing room for upside. Posts on X note whale accumulation and ETF inflows driving bullish sentiment, with a target of $114K if a breakout occurs. However, if it fails to break through $109,600, the price could drop to $107,000-$105,400. Monitor volume and market sentiment!
(114 words)
