$BTC Here is the detailed technical analysis for BTC:

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✅ Current price: $114,118.05

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🔹 General trend:

🔥 Strong upward trend across all time frames (daily, weekly, monthly).

The market is in a price acceleration phase driven by institutions and major funds (ETF + BlackRock + MicroStrategy).

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🔸 Current key supports:

Support level Importance

$110,000 – $111,000 Recent local support (short-term pivot area).

$102,000 Strong technical support (last sharp correction before the rise).

$96,000 – $98,000 Very strong support in the medium term.

$88,000 Major upward base (unlikely to return to it currently).

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🔸 Upcoming key resistances:

Resistance level Notes

$118,000 – $120,000 Very strong psychological resistance and profit-taking may occur at this level.

$125,000 Fibonacci extension target 1.618 (2023 – 2024 wave).

$135,000 – $140,000 Long-term targets for the 2025 wave if momentum and institutional demand continue.

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📊 Technical indicators:

RSI (14): Above 78 = Clear overbought ⚠️

MACD: Very positive, supporting the upward momentum.