🚨 Bitcoin Breakout Alert — Bulls Charge In as Price Flashes
Monnie Brunt OkvK
Updated at: 10 hours ago
{"content":"🚨 Bitcoin Breakout Alert — Bulls Charge In as Price Flashes Green!
Above $108,500, bitcoin price rose again. BTC is up over 3% and shows promise over $110,000.
Bitcoin rose beyond $108,500 again.
The price is over $110,500 and the 100-hour SMA.
BTC/USD broke over a negative trend line with resistance at $108,800 on the hourly chart.
The pair may increase if it breaks $112,000 barrier.
Bitcoin Price Expects Growth
Bitcoin rose after breaking the $108,500 barrier zone. BTC accelerated beyond $108,800 and $109,500 barrier.
BTC/USD broke over a negative trend line with resistance at $108,800 on the hourly chart. Bulls pushed the pair over $110,000 resistance. It allowed a move toward $112,000.
Price is holding gains after hitting $112,000 high. It hit the 23.6% Fib retracement level of the $107,500 swing low to $112,000 high.
Bitcoin is over $109,500 and the 100-hour SMA. Near $111,600 is immediate upward barrier. First major resistance is around $112,000. Next resistance may be $112,500.
A closing above $112,500 barrier might boost prices. Should the price climb, it might challenge $115,000 barrier. More advances might push the price beyond $116,000. The primary goal may be $118,000.
BTC Downside Correction?
Bitcoin may fall if it fails to break $112,000 barrier. Near $110,800 is immediate support. First significant support is at $109,750, the 50% Fib retracement level of the upward run from $107,500 swing low to $112,000 high.
Around $109,200 is the next support. More losses might push the price toward $108,500. BTC may go below $107,500, the primary support.
The technical indications
The MACD is rising in the positive zone.
Relative Strength Index hourly BTC/USD RSI is over 50.
Major Support Levels: $110,800, $109,750.
Major Resistance Levels: $112,000, $115,000.
#BTCBreaksATH #MuskAmericaParty #OneBigBeautifulBill #SECETFApproval #TrumpTariffs $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/10/141183027e8cb38389b66a8765d42fdf.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}