Bitcoin / TetherUS
Long

Bitcoin Breaks Out – Is 110K Next?

60
BTCUSDT has just made a clear breakout from the accumulation zone after several days of consolidation. This breakout was accompanied by strong momentum, suggesting that the return to a short-term uptrend is being reinforced.

The price is currently trading around 107,000 USDT, after breaking above a former resistance zone which has now turned into new support—maintaining the bullish structure. The area marked as “Buy” is where the market might come back to retest before continuing its move toward the next target zones at 108,287 USDT and 110,309 USDT.

With the break of a resistance level that had been tested multiple times before, BTC is showing a notable recovery. I lean toward the scenario in which the price will retest this new support area, creating an opportunity for buyers to re-enter. However, if the price breaks back below this support, the short-term uptrend will be invalidated and could drive BTC into a deeper decline.

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