$BTC/USDT: Poised for a Breakout? Key Profit Targets

Current BTC Price: $105,460.61 (+2.97%)

Trend: Bullish

Bitcoin is gaining strong momentum, trading near its 24-hour high of $105,595.81. With increasing trading volume ($2.70B) and positive price action, a potential breakout toward higher levels is in play.

 Key Trading Levels:

Resistance 1 (Target 1): $106,800

Resistance 2 (Target 2): $108,200

Resistance 3 (Target 3): $110,000

Support 1: $104,000

Support 2: $101,400

 Trade Setup:

Entry Zone: $105,200 - $105,500

Stop Loss: $104,000

Profit Targets:

🎯 Target 1: $106,800

🎯 Target 2: $108,200

🎯 Target 3: $110,000

🚦 Momentum & Indicators:

Short-Term: Neutral to Bullish (+0.99% in 15m)

1-Day Trend: Strong Bullish Reversal

RSI: Climbing near 60, indicating increased buying pressure

MACD: Confirmed bullish crossover

Moving Averages: Price trading above both the 50-EMA and 200-EMA, reinforcing the uptrend

Trading Strategy:

If BTC remains above $105,500, the first target of $106,800 is likely to be reached soon.

A dip toward $104,000 could present a buying opportunity, but a break below this level may signal a bearish correction.