#BTCBreaksATH110K Trend
The chart shows a strong uptrend for BTC/USDT on a 1-day timeframe. Bitcoin has broken its all-time high (ATH) at $110,999.00, reaching $113,285.95, indicating bullish momentum after a consolidation phase following a dip to $106,100.01.
Today's High and Low According to Trend
Based on the uptrend, todayโs high aligns with the recent peak at $113,285.95, while the low corresponds to the 24-hour low of $106,100.01, reflecting a pullback before the breakout.
Entry Price
A conservative entry price for a long position would be around $110,820.51 (current price). Alternatively, waiting for a retest of the breakout level at $110,999.00 could offer a safer entry with confirmation of support.
Maximum Profit โ Short-Term and Long-Term
Short-Term Profit:
Targeting the next psychological resistance at $115,000.00, the short-term profit could be approximately $4,179.49 per BTC (3.8% gain from $110,820.51).
Long-Term Profit:
If the uptrend continues, Bitcoin could reach $125,000.00 in the coming months, yielding a profit of $14,179.49 per BTC (12.8% gain).
Market Sentiment
The market sentiment is strongly bullish, as evidenced by the ATH breakout, high trading volume (50,260.42 BTC), and positive price action (+3.52%). Social media trends like
#BTCBreaksATH110K further confirm optimism.
Reasons for Trade
Breakout above ATH signals strong buyer interest.High volume supports the price surge, indicating sustainability.Positive market sentiment and historical bullish patterns in Bitcoin post-ATH breakouts.Macro factors like institutional adoption and inflation hedging may be driving demand.
Do your own research before trade
$BTC