🔥 Bitcoin surpasses $111,000… Technical signals warn of a historic breakout!
Bitcoin is currently soaring at $111,000, forming a strong candle on the daily chart, leaving behind important resistances that have hindered its rise for weeks! Technically, we see a clear breakout of the resistance area at $109,000, which suggests the bullish momentum will continue towards targets of $115,000 and possibly even $120,000 in the near term.
📈 The RSI indicator is moving in positive territory without being overbought, indicating that the rise is still healthy. The 50-day moving average shows a golden cross with the 200-day average – a historic signal of the beginning of a long-term upward trend.
💡 The market is currently in an active accumulation phase led by large investors, will you be next?
🔍 Watch the upcoming support and resistance levels, and wisely determine your entry points to benefit from the upcoming wave without excessive risk.
