Bitcoin Approaches Key Resistance: Pullback or Breakout?

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BTCUSD

📈 Technical Analysis (description for the post):
On the daily chart of BTC/USDT, we can see that the price is once again approaching the psychological and structural resistance around 108,000 USDT, a level that previously acted as a strong rejection zone. Currently, Bitcoin is trading above the 150-period simple moving average (SMA150), which reinforces a short- to mid-term bullish outlook.

The MACD indicator shows a clear bullish continuation signal, although already in high territory. This could suggest some short-term consolidation before a solid breakout. If BTC manages to break above the 108,000 USDT level with strong volume, it could open the path to all-time highs.

The most relevant support remains near 74,500 USDT, a key level that served as the base of the latest upward move. This structure allows for trading strategies with a favorable risk-reward ratio, especially for swing traders.

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