Bitcoin signals bullish reversal as ‘apparent demand’ hits four-month highs

💡 DMK Insight

Bitcoin’s current price at $105,415 is teetering on the edge of a significant breakout. With demand and spot activity increasing, a push past the $110,000 mark could trigger a wave of buying momentum, attracting both retail and institutional investors. This level isn’t just a psychological barrier; it’s a key technical resistance that, if breached, could lead to a rapid ascent as traders look to capitalize on the momentum. Keep an eye on volume indicators—if we see a spike alongside a breakout, that’s a strong bullish signal. However, there’s a flip side: if BTC fails to break through and instead retraces, it could signal exhaustion in the rally, leading to a potential pullback to support levels. Watch for the $100,000 mark as a critical area—if it holds, it could provide a solid base for future gains. But if it breaks, traders might want to reassess their positions.