$BTC is catching its breath at 105K… Are we nearing a bullish breakout?
After dropping to a low of $103,825 within 24 hours, Bitcoin has rebounded again to record $105,275 with an increase of +0.92%, supported by intriguing technical signals:
Live technical reading:
🔻 RSI at 37.06 → Near oversold territory.
🔻 MACD is still negative (−255) but the bearish momentum is slowing down.
The price is currently at the lower Bollinger band (DN = $101,792) which enhances the chances of a rebound.
Smart trading plan (short-term):
Safe entry zone:
104,800 – 105,300 USDT (with confirmation of strong trading volume)
Potential targets (TP):
First target: 107,420 USDT (previous local peak)
Second target: 110,814 USDT (upper Bollinger band)
Suggested stop loss (SL):
Below strong support: 100,300 USDT
Are we seeing a bullish wave soon?
Bitcoin is sending initial signals of a potential reversal… Will the bulls regain control? Share your opinion and closely monitor the next moves with us!