Bitcoin maintains more than $ 105,000 on Wednesday, and holds it a few days after a few days. At the time of writing this report, BTC is trading at $ 105432, and recovering from a short slip earlier this week that tested the bulls in the short term.
It was a rugged journey since the weekend, but the buyers were declining at a speed of less than 103 thousand dollars, and this apostasy kept the wider structure intact. While the market is still digesting the profit wave last week, the basic feelings start again. There is no panic. Stop temporarily.
What supports bitcoin now?
- A verified profit increased last week. Which usually removes the weakest hands. Since then, the flows have been cooled, and the price movement has been more stable.
- ETF flows did not dry. Instant Bitcoin products continue to draw institutional funds, quietly but constantly.
- The stocks look stable. As Nasdak future and volatile decrease, encryption places a mark in this environment on the risks.
To date, Bitcoin has not lost her foot. If there is anything, this is similar to monotheism before the next payment. But this payment needs a catalyst.
BTC levels in play now
- Support: About 103,000 dollars, as bulls collide quickly
- Resistance: The first test is $ 108,000, then we are looking for 112,600 dollars
- RSI: Sitting near 59.83, there is no pressure there – momentum has space
- MACD: The blue line is wrinkled, the graph is flat – not a sign of eruption yet, but it tends this way
Technically, the structure still prefers bulls. We have not seen less low, and the momentum indicators are neutral to positive. If 108 thousand dollars are broken clean, the short -term traders may chase a higher step.
Can Bitcoin rise to $ 120,000 this year?
It is an extension, but it is on the table. The target of $ 120,000 is not just a fantastic number; Structurally, it is in line with the current upward trend. What matters now is follow -up.
See too
If the demand for ETF avoids and avoids throwing the fastening key in the risk markets, there is a road to six numbers. It will not be a smooth journey. Withdrawal is part of the game, especially with this open attention that still hangs out.
However, as long as the BTC remains north with a value of 103 thousand dollars, preferably 108 thousand dollars, the bulls have the upper hand.
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