In today's trading, the pair $BTC /USDT shows strong signals hinting at the possibility of continuing to rise towards the 110,000 dollar area, but is there enough momentum to achieve this goal in the next few hours? Let's analyze the technical picture in depth.
✅ Current situation:
Current price: 108,966 dollars
24-hour high: +0.82%
Highest peak of the day: 109,127 dollars
Lowest low: 107,800 dollars
The price is moving above important moving averages, reflecting a clear upward trend on the short timeframe (15 minutes).
🔍 Technical indicators:
🟡 Moving Averages (EMA):
EMA 20 is trending upwards and is currently at 108,728 dollars.
The EMA 50 and EMA 99 averages are below the price, supporting the upward trend.
🔸 Continuing the price above EMA20 gives confidence that buyers are still in control.
📊 Relative Strength Index (RSI):
RSI(7): at 64.96
RSI(14): at 64.73
These values indicate that the price is approaching the overbought area, but still allow room for an increase before reaching dangerous levels.
📉 MACD Indicator:
There is slight weakness in momentum with a slight negative divergence between the MACD lines (DIF and DEA), but it does not show a negative crossover, meaning that any pullback, if it occurs, will be temporary.
🔁 Stochastic RSI Indicator:
At 22.84 (oversold area), indicating the possibility of a bullish rebound within minutes to hours.
🎯 Monitoring levels:
Critical resistance: 109,130 dollars (highest peak of the day)
Immediate support: 108,600 – 108,300 dollars
Technical target after the breakout: 110,000 – 110,200 dollars
📌 Technical recommendation:
If the level of 109,130 is broken with a strong confirmation candle, buying can be aimed at 110,000 – 110,200 dollars.
In case of failure to break, we may see a quick correction towards 108,300 dollars, which is a suitable area to enter with the appearance of a reversal candle.
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