BITCOIN ROARING AND SOARING 🔥 🔥 🔥 🔥
Here's a summary of the current BTC support and resistance levels based on recent analyses:
Current Price: Around $110,898 - $111,388 USD (as of July 10, 2025).
Key Resistance Levels:
* Immediate Resistance: $111,600 - $112,000. Breaking and holding above this level is crucial for further upward movement.
* Next Resistance: $112,500.
* Higher Resistance Targets: $115,000, $116,000, $118,000, and potentially $121,000, $134,000, and $150,000 if a strong breakout occurs.
* Other noted resistance: Some analyses mention 3300-3345 as resistance on certain timeframes, but these values seem to be from different scales or specific trading pairs.
Key Support Levels:
* Immediate Support: $110,800.
* First Major Support: $109,750 (also aligns with 50% Fib retracement).
* Next Support: $109,200.
* Strong Support Zones: $108,500, $107,500. A breakdown below $107,500 could indicate a deeper correction.
* Critical Long-Term Support: $106,000 - $107,000. Holding above this range is important for maintaining bullish momentum.
General Technical Outlook:
* Short-term: Bitcoin is in an approximate horizontal trend channel, suggesting uncertainty, but has shown positive signals by breaking above some resistance levels (e.g., $107,710, $109,000).
* Medium-term: Bitcoin is in a rising trend channel, indicating increasing optimism and a continued rise.
* Overall: Many technical indicators and moving averages suggest a "Strong Buy" or "Buy" signal across various timeframes.
