📊 Market Overview:
• Strong ETF inflows continue, with over $13.5 billion in YTD flows into BTC, now making up nearly 70% of gold ETF inflows.
• Institutional investors like BlackRock (IBIT currently holds ~700k BTC) are still accumulating. The U.S. is also building a “Strategic Bitcoin Reserve,” reinforcing long-term confidence.
📉 Technical Analysis:
• Key Resistance: $109,000–$110,000, opening the path toward $110,500–$110,600 (Supertrend around $110,174).
• Nearest Support: $108,300 (EMA), followed by $107,800–$108,000; deeper pullback support at $105,000.
• EMA 09: Price is above this EMA → short-term trend remains bullish.
• Candlestick/Volume/Momentum: RSI is neutral around 58; MACD is converging near the zero line, signaling weakening bearish momentum and possible base formation.
📌 Outlook:
Bitcoin may continue its mild upward movement if it holds above $108,300–$108,000 and breaks clearly above $109k–110k with strong volume. Failure to do so could trigger a pullback toward $107,000–$108,000.
💡 Suggested Trading Strategy:
📉 SELL BTC/USD at: 109,500–110,000
🎯 TP: 108,000
❌ SL: 110,400
📈 BUY BTC/USD at: 108,200–108,500
🎯 TP: 109,500–110,000
❌ SL: 107,800
• Strong ETF inflows continue, with over $13.5 billion in YTD flows into BTC, now making up nearly 70% of gold ETF inflows.
• Institutional investors like BlackRock (IBIT currently holds ~700k BTC) are still accumulating. The U.S. is also building a “Strategic Bitcoin Reserve,” reinforcing long-term confidence.
📉 Technical Analysis:
• Key Resistance: $109,000–$110,000, opening the path toward $110,500–$110,600 (Supertrend around $110,174).
• Nearest Support: $108,300 (EMA), followed by $107,800–$108,000; deeper pullback support at $105,000.
• EMA 09: Price is above this EMA → short-term trend remains bullish.
• Candlestick/Volume/Momentum: RSI is neutral around 58; MACD is converging near the zero line, signaling weakening bearish momentum and possible base formation.
📌 Outlook:
Bitcoin may continue its mild upward movement if it holds above $108,300–$108,000 and breaks clearly above $109k–110k with strong volume. Failure to do so could trigger a pullback toward $107,000–$108,000.
💡 Suggested Trading Strategy:
📉 SELL BTC/USD at: 109,500–110,000
🎯 TP: 108,000
❌ SL: 110,400
📈 BUY BTC/USD at: 108,200–108,500
🎯 TP: 109,500–110,000
❌ SL: 107,800
Trade active
Bitcoin broke above 110,500, surged past 112,000, and is now pulling back to 111,000. If it holds above 110,500, the uptrend may continue toward 113,500+Trade closed: target reached
Bitcoin remains in an uptrend, trading around \$111,300 after breaking out of a descending channel. If it holds above $110,000, it could continue rising toward \$114,000.
📊 Forex | Gold | Crypto Market Insights & Signals
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Forex | Gold | Crypto Market Insights & Signals
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.