BTCUSD
Bitcoin is trading around the resistance level of $111,450, and this area is likely to limit the upward momentum during today’s trading session.
Support |
108150 | 105600 | 103150 |
Resistance | 111450 | 113000 |
– |
Bitcoin witnessed a strong rally, approaching a new record level near $112,000, supported by notable buying momentum and increased institutional inflows into the market. Despite this surge, the market is facing some pressure from profit-taking and concerns related to U.S. tariffs, which could impact global risk appetite.
Nevertheless, the outlook remains positive, provided Bitcoin maintains its strong support at $108,600. If the upward momentum continues, the cryptocurrency may target higher levels beyond $112,000, potentially reaching $120,000 in the coming weeks. Traders are advised to exercise caution and closely monitor key support and resistance levels to avoid sudden market volatility.
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