$BTC/USDT: Testing Resistance – Will Bulls Prevail?
Current Price: $108,043.09 (+2.14%)
Bitcoin ($BTC) is maintaining strong bullish momentum, trading at $107,730.85 (+3.36% in the past 24 hours). The price is testing a critical resistance level at $107,733.62, signaling a potential breakout. A successful push above this level could pave the way for further upside.
However, with the RSI at 73.40, the market is nearing overbought territory, suggesting a possible period of consolidation.
Key Levels to Watch:
Entry: $107,730
Resistance: $107,733
Support: $106,368
Target Points (TP):
TP1: $107,900
TP2: $108,100
TP3: $108,300
Stop Loss: $107,300
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Analysis:
A breakout above resistance could fuel additional bullish momentum.
Failure to hold above support might result in a pullback.
The market remains highly volatile—trade cautiously and manage risk effectively.
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