🚀 $BTC / USDT – Bitcoin Breakout or Profit-Taking Underway? 💥
Current Price: ~$111,268 (up 2.17% intraday) on Binance/TradingView
Bitcoin has surged to new all‑time highs, topping $112,000 before stabilizing near $111,000 amid a broader technology sector rally .
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📊 Technical Setup & Levels
Support Levels:
• $108,767 (pivot-based support)
• $106,798 (secondary floor support)
A key zone to watch is $107K, which aligns with the lower trendline of the recent consolidation .
Resistance Levels:
• $112,303 (first resistance pivot point)
• $113,872 → $115,840 (secondary and tertiary resistance zones)
Momentum Indicators:
RSI remains below overbought at ~80% 14-day Stochastic threshold targets near $116K–129K .
MACD signals remain bullish following the breakout from a descending channel .
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🎯 Swing Trade Setup
Entry Zone Target 1 Target 2 Target 3 Stop Loss
$110,500–$111,200 $113,000 $115,000 $116,300+ (if momentum holds) Below $108,700 (invalidates structure)
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📈 Mid-Term Outlook
The breakout beyond $112K was fueled by institutional ETF inflows and supportive macro sentiment. Technical analysts are projecting upside toward $146,400, based on the measured distance of the breakout .
Another forecast expects targeting $120K–$123K in the coming week, assuming continuation of bullish volume flows .
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✅ Summary & Strategy
Bitcoin is currently trading around $111K, holding key support above $108.7K.
A clean break and daily close above $112K could confirm a sustained up-leg.
Mid-term continuation toward $115K–$120K is plausible, with potential extension to $146K if broader sentiment and volume flows remain strong.
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