🚀 Is Bitcoin Ready to Take Off? A Critical Level Everyone is Watching!
It seems that Bitcoin (BTC) is at the threshold of a major move, as the price approaches a key breakout area at $110,800, while an ascending triangle is forming on the daily chart — a technical pattern usually known for paving the way for a strong upward wave.
📈 The chart shows consecutive higher lows indicating sustained demand, with solid resistance at the peak, reinforcing the likelihood of a breakout if the daily close is above 110.8K.
Re-testing this level after the breakout could confirm the upcoming upward movement.
🎯 Conversely, $107,000 remains a key support level to watch, while $114,400 and $123,500 are the next resistance areas.
The proximity of the price to the 21-week moving average (around 111K) adds further technical significance to this area.
⚡ In summary: Bitcoin is building a strong pressure base — the upcoming breakout could define the market's shape for the coming months.
