🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Say 666, if Bitcoin breaks 110,000 within a month, send 10 USDT.
The top 10 will win. #BTC# #ETH# #PI# #ALPACA#
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Bitcoin is currently trading at approximately $105,928.10 (₹90,44,603), having risen by 2.7% in the past 24 hours. The price is testing resistance near $106K and is approaching the 100 EMA on the 1D chart.
Technical Indicators:
Trend: Sideways consolidation with a bullish bias
Support: $101,500
Resistance level: $106,000
RSI: Neutral (48)
MACD: Slightly bullish crossover
Observation:
Low volume and narrowing price movement indicate that a breakout is imminent. If the price breaks above $106K, it may trigger a Rebound, while a failure could lead to a retest of $101K.
#bitcoin# #CryptoObservers#