Today we see it flirting with $111,000 USD, marking all-time highs and reminding us why we are here: ✔️ Store of value ✔️ Hedge against inflation ✔️ Decentralized global asset
But the market does not forgive those who are overconfident. Correction or final push?
Volume is increasing.
Whales are moving.
Retailers are entering FOMO.
My reading: We are in territory where newcomers buy and veterans evaluate. What will you do? Will you sell, hold, or accumulate more?
Comment your strategy. This cycle is not over yet. And anyone who thinks it is too late... may just be waking up. $BTC
$BTC 📈 Technical Analysis of Bitcoin – May 10, 2025
Bitcoin remains strong above $103,000, consolidating its position after surpassing the $100,000 mark. This bullish movement has been driven by positive macroeconomic factors and renewed institutional interest.
🔍 Key levels:
Immediate resistance: $104,159
Upper resistance: $107,000 – $109,000
Immediate support: $100,000
Critical support: $92,000
📊 Technical indicators:
Daily RSI: Above 70, indicating overbought conditions and possible short-term correction.
Trading volume: Increasing, which supports the current bullish trend.
📰 Fundamental factors:
Optimism regarding trade negotiations between the U.S. and China has strengthened confidence in risk assets, including cryptocurrencies.
The recent approval of Bitcoin ETFs has facilitated access for institutional investors to the market, increasing demand.
Analysts project a potential push towards $117,000 if current conditions persist.
📌 Conclusion:
Bitcoin shows a strong bullish trend, supported by technical and fundamental factors. However, it is crucial to monitor the mentioned support and resistance levels, as well as to be alert to possible corrections in the short term due to overbought conditions.
Daily advice for patient holders: Sometimes it's not about trading more... but about trading better. Analyze, breathe, and remember: "He who chases the price rarely catches it." #CriptoConEstilo #HODL #BinanceFeed