Bitcoin (BTC) Prepares to Hit $110,000: Without Any Obstacles

Jakarta, Pintu News – With strong technical support and increasingly favorable liquidation conditions, Bitcoin seems poised to surge up to $110,000. Currently, Bitcoin (BTC) is trading around $106,650, after experiencing a brief consolidation in the range of $104,000 to $106,000. This recovery confirms that the 50-day Moving Average (EMA 50) is a strong dynamic support amid low selling pressure.

Technical Support and Momentum

Bitcoin (BTC) has successfully crossed the previous resistance at $104,000 and is now holding above that level. This suggests that there is no longer any major resistance that could impede Bitcoin’s (BTC) price increase to reach $110,000. The Relative Strength Index (RSI) is at a comfortable mid-range of around 53, signaling that there is still room for bullish expansion without overbought conditions.

The liquidation heatmap shows that there are not many liquidation clusters between the current price and $110,000, which means that Bitcoin’s (BTC) upside path is quite clear. The three red-marked zones on the heat map show sparse resistance up to around $110,000, followed by another zone around $106,000 that has been absorbed, and solid liquidation around $104,000 that is now support.

Read More: Company’s Bitcoin Accumulation Strategy Threatened, Stock Falls!

Market Potential and Risks

If the current momentum continues and bearish volatility can be avoided, bullish market participants may soon test the previous record high. However, the lack of resistance also has its downsides. Any significant rejection could lead to a quick correction due to low liquidity above current levels.

Pressure for liquidation could increase rapidly if Bitcoin (BTC) is unable to hold above $105,000 and return to the lower $103,000 range. Therefore, although technical conditions favor a price surge, traders should remain vigilant and pay attention to changes in market sentiment that could affect price dynamics.

Investment Strategies and Trading Decisions

Under current market conditions, investors and traders should consider strategies that capitalize on bullish momentum while remaining alert to potential volatility. Monitoring technical indicators and liquidation heat maps can provide additional insight into potential Bitcoin (BTC) price movements going forward.

It is important for market participants to not only focus on the profit potential but also consider the risks involved. By understanding both sides of low resistance market conditions, investors and traders can make more informed and responsible decisions.

Conclusion

In conclusion, Bitcoin (BTC) shows significant potential to reach $110,000 in the near future, supported by solid technical conditions and lack of resistance. However, it is important for market participants to remain vigilant and responsive to changing market conditions to optimize their trading strategies.

Also Read: Metaplanet Reaches 10,000 BTC Target: What Does It Mean for the Future of Cryptocurrency?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Bitcoin (BTC) Ready for $110,000, No Resistance. Accessed on June 17, 2025
• Featured Image: Generated by AI