Bitcoin ($BTC ) has shaken the market again, surpassing $107,000, and traders are wondering if this momentum will take it past the $110,000 barrier in the coming days. 📈
In the last 24 hours, $BTC has recorded an increase of +1.6%, reaching an intraday high of $107,248 and bouncing from $105,426. This rise occurs amid political tensions in the U.S., which surprisingly have not affected institutional appetite.
Among the factors that have driven this movement is the recent hint from Michael Saylor about a possible massive BTC purchase by MicroStrategy, which has rekindled interest from institutional investors. Additionally, the inflow volume to exchanges has decreased, suggesting accumulation.
Technical Analysis:
Key support: $105,000
Immediate resistance: $110,000
Target zone if broken: $115,000 - $118,500
The RSI and MACD indicators show bullish divergence, while the volume confirms the validity of the movement. If the psychological resistance of $110K is broken strongly, we could see an acceleration towards new highs in June.
❓Do you think $BTC will break the $110K this week?
Give a like 👍 if you trust the rally and comment on your projection 🔮.