Bitcoin Analysis โ $BTC
> ๐ Current price approximately: $113,688.52 approximately according to CoinDesk.
๐ก Important support levels:
โข Immediate support: โ$110,000 approximately
โข Stronger support: โ$105,000 โ โ$100,000
๐ง Resistance levels / potential upward targets:
โข First resistance: โ$120,000 โ โ$122,000
โข Higher resistance target: โ$125,000 โ โ$130,000
โ๏ธ Technical outlook:
โข The price is now in a testing area between support and resistance, any clear breakout above ~$122K with high trading volume could push it towards ~$125-130K.
โข However, if it fails to hold support at ~$110K, it may drop to โ$105K or lower, depending on selling momentum.
โข Indicators like trading volume and global dollar movement play a significant role now, as Bitcoin is also affected by macro factors.
๐ Fundamental side:
With increasing institutional interest, and growing investment in BTC-related ETFs, institutional demand could support the price towards higher levels if confidence continues.
๐ญ My question to my audience:
Do you expect Bitcoin to break the $130,000 barrier before the end of 2025?
#BTC่ตฐๅฟๅๆ TC #BitcoinDunyamiz oin #cryptouniverseofficial oAnalysis #BinanceSquareFamily Square #ุงูุนู ูุงุช_ุงูุฑูู ูุฉโฌ
