Against the background of a stable upward movement, technical indicators signal that the price of #bitcoin $BTC has the potential to grow by 20%, which could lead to reaching the level of $130,000 in the coming weeks.
📊 Current metrics:
The current price of BTC is $106.528 (+1.64% per day).
Market capitalization: $2.1T (+1.42%).
Trading volume (24h): $82.23B (+32.95%).
Total Offer: 19.79M BTC.
Maximum offer: 21M BTC.
🔍 Technical analysis:
1️⃣ BB indicator (Bollinger Bands)
The average boundary of SMA 20 is located at 99.475.
The upper limit has expanded to 105.982, which indicates growing volatility and the possibility of an upward breakout.
Support is visible at 92.968, which limits corrective risks.
2️⃣ Void Finder (105,688.39):
This indicator shows the key resistance level that BTC is already testing. A break above this value will strengthen the upward momentum.
3️⃣ Volumes and dynamics:
A significant increase in trading volume by 32.95% per day indicates an increase in market activity. The increase in volume confirms the serious intentions of the buyers.
🚀 Fundamental growth factors:
Growing interest from institutional investors.
Macroeconomic uncertainty stimulating the demand for bitcoin as "digital gold".
The last halving of 2024, which traditionally supports the bullish trend.
🗒 Target levels:
The breakdown of $107,000 is a key resistance level.
The next target is $115,000, where local consolidation is possible.
Final target: $130,000 within a month if the current uptrend continues.
📈 Conclusion:
Technical indicators and volume growth confirm the possibility of a breakthrough. BTC has every chance of reaching $130,000 as early as next month. The main thing is to monitor the support and resistance levels!
Attention: Do not forget about the risks of corrections, but the current signals are definitely "bullish"! @Sasha why NOT Follow!