Currently trading at $108,696 (+2.39%), Bitcoin is demonstrating strong momentum following its breakout from a bullish flag pattern. The pattern was formed using a $36K flagpole ($74K→$110K), projecting a potential target of $145K. The technical case is supported by bullish flag confirmation, with critical support levels at $105K and $97K and immediate resistance at $109.2K. Principal Catalysts • Institutional flows are improving: BlackRock ETF ($1.2B quarterly inflow), Grayscale approval, and corporate adoption; technical indicators are aligned: MACD crossover and rising volume without overbought RSI. The Breakout Analysis identifies $108K as a crucial trading threshold. The trading strategy is to enter longs on sustained trading above $108K with stops below $97K, target $130K as an intermediate level before the $145K projection, and keep an eye on volume for confirmation and market trends. • The community's sentiment is 78.4% bullish, with a daily volume of $55.3 billion. Changes in regulations are one risk factor. #flagpole #Bulish #BlackRock $BTC
The crypto market has been on a wild ride this week! Bitcoin initially surged toward $100,000 after the Bybit hack but quickly pulled back. However, BTC rebounded with a $7,000 recovery from its $78,000 low and is now steady around $85,000.
Altcoins are gaining momentum too! Ethereum is up 5%, trading above $2,200, while BNB has jumped 4%, approaching $600. Ripple held strong at $2 and surged 8% to $2.17. Other major cryptos like $ETH, $SOL, $DOGE, and ADA are also seeing green! 🎉
What are your thoughts on the market? Drop your opinions in the comments! 💬