Bitcoin (BTCUSD) Buyers Eye Breakout Beyond $107,770 Key Zone

Bitcoin Buyers Continue to Maintain Bullish Rally

Bitcoin maintains its bullish stance, trading near the $107,770 key level. The leading cryptocurrency has successfully held above the $100,000 significant zone despite selling pressure. Buyers are demonstrating strong determination to push prices higher.

Bitcoin Key Levels

Resistance Levels: $107,770, $110,000, $109,000
Support Levels: $105,000, $100,000, $99,000
Bitcoin has exhibited remarkable strength this week, consolidating its position above $100,000. The market’s bullish momentum suggests a potential breakout above $107,770, which could open the path for further movement toward the $110,000 resistance level. The Bollinger Band indicator underscores sustained buyer activity, with the price holding firmly near the upper band, reflecting strong volatility favoring the bulls.

The MACD (Moving Average Convergence and Divergence) remains above the mid-signal line, confirming that buyers are directing the market’s movement. A successful breach of $107,770 would target $110,000, potentially solidifying continued bullish momentum. Such sustained buying activity could attract more investors, further strengthening the upward trend.

However, if resistance persists at $107,770, Bitcoin might experience a temporary pullback toward the $105,000 key level. The market may take some time to regroup before initiating another upward push.

Market Expectation

On the 4-hour chart, Bitcoin buyers are extending their dominance, with the MACD reflecting steady buying momentum above the signal line. The Bollinger Band continues to highlight the market’s bullish tendency, with prices trending near the upper band.
If the current momentum holds, Bitcoin could test $108,500 in the medium term. Further gains are likely as buyers maintain pressure. A brief consolidation near $107,000 may occur but is unlikely to disrupt the broader bullish trend, as crypto signals suggest ongoing buyer confidence.

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