Bitcoin Price Rally Don Dey Consolidate Pass $107,000: Di Key Support And Resistance Levels De Show Say E Fit Breakout Reach $115,000
Bitcoin (BTC) don still dey maintain strong up trend, e dey hold ground pass di critical $107,000 level after e resist di wahala wey market get recently. Di crypto surge reach recent high of $110,550 and e still dey for bullish phase, e dey trade pass di main technical support levels like di bull market support band and di 100-hour simple moving average. Technical analysis talk say if BTC fit break di immediate resistance wey dey $110,500, plus other barriers wey dey $112,500 and $113,800, e fit move go $115,000, even fit reach new all-time highs. But if e no fit pass $110,500, e fit pull back go support zones wey dey $108,200 and $106,500, plus deep drop fit happen if e fall below $105,500. Di current hourly MACD and RSI show say bullish momentum still strong, while long-term holders still get confidence despite di long rally and some macroeconomic wahala. Traders suppose dey watch dis resistance and support levels well well as Bitcoin strength still dey attract momentum traders plus long-term investors. Di technical outlook clear say e dey bullish but make dem dey cautious because di rally don already last long and sudden corrections fit happen.
Bullish
Di combined reports show say Bitcoin strong well well and di bullish movement still dey, as di price dey maintain above $107,000 come dey reach new high levels. Technical signals like say price dey stay above di 100-hour simple moving average plus strong hourly MACD and RSI them dey show say buyers still dey interested. Dem dey test many resistance levels, and if e break above $110,500, e fit push Bitcoin go $115,000 and even new all-time highs. Even though people dey caution because market fit dey too relaxed or overextended after di long rally, di main feeling and technical signals show say di bulls still get control. Traders suppose dey watch for sudden corrections, but as of now, market impact good for BTC.