Bitcoin ($BTC ) is trading at $106,879.41, showing an impressive gain of +3.64%. With its market dominance rising, Bitcoin is showing signs of strong bullish momentum.
Key Insights:
Support Level: Holding strong at $105,000.
Resistance Target:
$110,000 (short-term) and potentially higher in the mid-term.
Technical Indicators:
MACD indicates upward momentum, and RSI is staying in a healthy bullish zone.
Strategy:
Monitor for potential breakouts above $107,000, which could lead to further gains. Keep an eye on market sentiment, especially Bitcoin’s dominance in the broader market.
