BTC Price- BTC Rallies Past Resistance — $110K in Sight
BTC Price– Bitcoin (BTC) is trading at approximately $106,650, continuing its climb after consolidating between $104,000 and $106,000. The asset recently bounced cleanly off the 50-day Exponential Moving Average (EMA), confirming it as a robust dynamic support. This recovery, notably in the face of low-volume selling, points to sustained bullish control.
Resistance Levels Cleared, RSI Signals More Room to Grow
From a technical standpoint, Bitcoin (BTC) has convincingly broken through the $104,000 resistance, now turning it into solid support. The Relative Strength Index (RSI) stands around 53, placing Bitcoin (BTC) in a neutral but slightly bullish zone. This suggests the market is neither overbought nor exhausted, leaving ample room for upward movement.
Liquidation Heatmap Points to Clear Path Ahead
What stands out most is data from the CoinGlass liquidation heatmap for the Binance BTC/USDT pair. According to the heatmap, there are no major liquidation clusters between the current price and $110,000, meaning there’s minimal resistance to upward momentum.
The heatmap highlights three zones: a dense liquidation pocket around $104,000 (now absorbed and turned into support), a recently cleared area near $106,000, and a largely empty corridor up to $110,000. This implies that, unless bearish pressure returns, bulls may have a clean shot at testing previous highs.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
