#BTC Hits $110,000#

🔥 Bitcoin is tearing up the market: what’s next? 🚀📈
BTC/USD is currently at 111,748.3 USD — a new all-time high (ATH) at 111,980 has been broken! 🏆 But should we expect the party to continue or prepare for a pullback? Let's analyze the chart and prospects!
What does the chart show? 🎯
Trend: Bulls are in control! 🐂 Price is confidently above all key EMAs:
EMA5: 108,486.9
EMA20: 103,119.1
EMA60: 95,519.2
This speaks of a strong upward movement.
Volumes: Trading is quieting down (the last volume is 348.12K). After such a surge, this is normal, but it raises concerns — without new buyers, a pause may begin.
Indicators:
RSI(6) at 96.0 — the market is overheated! 🔥 Overbought conditions may lead to a correction.
KD (K: 98.9, D: 98.6) also shouts: "Cool down!"
But the StochRSI at 14.3 is oversold, which hints at a possible rebound after a slight decline.
What next? 🌟
✅ Growth scenario: If Bitcoin stays above 108,486 (EMA5) and volumes pick up, we expect a breakthrough to new highs! The next targets are 115,000, and then 120,000 USD. The bullish trend is strong, and support at 103,119 (EMA20) looks reliable.
⚠️ Correction Scenario: Market overheating may send BTC down. Key support levels: 108,486 → 103,119 → 100,000. If the volumes do not return, we expect consolidation.
❗ Risks: External factors ( news, economy ) may shake the market. Stay tuned for news!
Conclusion 💡
Bitcoin is at its peak, but overheating could lead to a short-term pullback. If support at 108,486 holds, we await new heights! 🚀 In the meantime, keep your finger on the pulse and don't forget about the risks.
What do you think, will it continue to grow or is it time to take profits? Share in the comments! 👇