๐จ Bitcoin Market Update ๐จ
Bitcoin is currently testing the key resistance near $113,000, showing strong bullish momentum.
If this breakout holds, the next upside target could reach $120,000 or even higher.
Market optimism is fueled by growing expectations of a possible Federal Reserve rate cut.
A dovish Fed stance often supports risk assets, including Bitcoin.
Meanwhile, on-chain data shows whales are accumulating BTC during recent dips.
This trend signals strong long-term confidence in the asset.
Trading volumes across major exchanges remain stable at healthy levels.
Futures open interest has also risen, reflecting greater market participation.
However, leverage build-up increases the risk of sudden volatility.
If BTC fails to stay above support, $111,000 becomes the critical level to watch.
A breakdown below may send prices toward $108,000โ$110,000, where buyers could step in.
Long-term investors are expected to continue accumulation on pullbacks.
Overall, Bitcoinโs structure still looks bullish in the bigger picture.
As global liquidity improves, demand for decentralized assets strengthens.
The outlook for Bitcoin remains cautiously optimistic moving forward.
