$BTC /USDT Breakout Momentum: Key Levels to Watch
$BTC /USDT has surged to $106,772.83, showing strong upward momentum after a bounce from recent lows. Bulls are pushing toward resistance levels, signaling further upside potential.
Technical Analysis:
Support Zone: $105,000 – $106,000
Immediate Resistance: $107,200
Key Resistance: $108,500
The strong breakout candle and increasing volume suggest that bulls are gaining control. If BTC clears the immediate resistance at $107,200, the next key targets are in play.
Trading Signal:
Entry Zone: $106,500 - $106,800
Targets:
1. Target 1: $107,200
2. Target 2: $108,000
3. Target 3: $108,500
Stop Loss: Below $105,500
Market Insights:
BTC/USDT has gained 19.45% over the last 30 days and 84.43% in the past 90 days, indicating strong bullish sentiment and long-term uptrend continuation.
A confirmed move above $107,200 could pave the way for BTC to test higher resistance near $108,500.
Risk Management Tip: Set a stop loss to protect profits and scale out of positions at each target level.