Bitcoin Dey Near Dia All-Time High, E Dey Face Resistance for $115K and $223K
Bitcoin dey ready to reach fresh all-time highs after e close the week around $109,240. Traders dey target buy liquidity near $105,000, wey dey align with the 50-day EMA, while on-chain data show big sell-side liquidity for $110,000 and buy support about $107,800. Binance funding rates wey dey fall indicate say short interest dey increase and e fit lead to short squeeze. Soft US dollar, US tariff talks and pending Fed minutes dey give macro tailwinds. Investor sentiment still dey extreme greed, and if $108,000 support fit hold well, e fit ginger quick rally. Technical analysis dey highlight two trendline resistance levels: about $115,300 on linear scale and around $223,000 on log scale, based on 2017 and 2021 highs. Traders suppose dey watch these resistance points for signs of profit-taking or breakout continuation.
Bullish
Di news combine dey show say strong on-chain liquidity zones dey, funding rates dey decline, plus supportive macro factors wey dey back bullish momentum. Short-term buying interest around $105K–$108K and one possible short squeeze fit push prices towards first resistance wey dey $115K. If dem fit break am successfully, e fit mean say continuation go dey towards the higher log-scale barrier near $223K. Although trendline resistance levels dey show say person suppose dey cautious near those points, overall signals dey point say Bitcoin pressure go still dey up.