BTC is trading again near the $110,000 mark, gaining almost 4.5% in the last seven days. The price has stayed above $105,000 for four consecutive days, which only strengthens bullish sentiment in the market.
At the same time, large players have paused their accumulation, and technical analysis indicates strong support: the EMAs are in a bullish position, and the Ichimoku cloud provides support from below. While BTC is storming important resistance levels, traders are trying to understand whether there is enough strength for a breakout or if the market is preparing for a correction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC is trading again near the $110,000 mark, gaining almost 4.5% in the last seven days. The price has stayed above $105,000 for four consecutive days, which only strengthens bullish sentiment in the market.
At the same time, large players have paused their accumulation, and technical analysis indicates strong support: the EMAs are in a bullish position, and the Ichimoku cloud provides support from below. While BTC is storming important resistance levels, traders are trying to understand whether there is enough strength for a breakout or if the market is preparing for a correction.