Bitcoin Second Chance priceBTC

🔥 Crypto to space — metals into the abyss. Bitcoin is closing in on $113,000, ETH confidently above $4K. Meanwhile — a historic crash in the metals market: ▪️gold -4%, ▪️silver -6.5%, ▪️platinum -8% — all in one day, the first time in 5 years. #ETH #BTC

Bitcoin has officially broken above the $113,000 mark, showing strong momentum on the hourly chart. The price jumped sharply from around $108,000 to over $113,000 within just a few hours, marking a gain of roughly 4.5%. This surge came with a noticeable increase in trading volume, signaling strong buying pressure rather than a random spike. At the same time, gold recorded its largest one-day fall since 2020, dropping by nearly 5%. The inverse price movement between Bitcoin and gold suggests that investors might be rotating funds from traditional safe-haven assets into risk-on assets like crypto. The BTC-to-gold ratio also climbed about 7%, which further highlights Bitcoin’s growing strength relative to the yellow metal. • Quick Overview Bitcoin’s breakout was backed by clear momentum and volume strength. The hourly chart shows a long green candle pushing through a key resistance zone between $111,500 and $112,000. That area had rejected price action several times before, so breaking through it signals a shift in sentiment toward the bulls. The volume spike accompanying the breakout adds weight to the move, suggesting it was supported by strong institutional or large-trader participation. • Technical Outlook of $BTC The first notable detail is the breakout zone. Bitcoin has convincingly moved above the $111,500–$112,000 range, which had acted as a ceiling for several sessions. This kind of decisive breakout usually sets the stage for short-term bullish continuation. The second point is the massive volume confirmation. The last candle on the chart shows the highest volume in days, which means the move wasn’t just retail hype, it had big money behind it. This adds credibility to the breakout and makes a pullback toward $111,000 a potential retest area rather than a reversal point. Third, the surge was fueled by liquidations. More than $500 million in both long and short positions were wiped out across exchanges. The liquidation of shorts especially acted as fuel for the rally, creating a short squeeze that propelled Bitcoin even higher as traders rushed to cover their positions. Fourth, the moving averages are now aligned in a bullish setup. On the one-hour timeframe, Bitcoin has broken above its 20- and 50-period EMAs. This alignment usually marks the beginning of a short-term uptrend, particularly after a period of sideways movement or consolidation. Finally, the support and resistance structure looks solid. The previous resistance area around $111,500 is now likely to serve as immediate support. The next visible resistance sits between $114,500 and $115,000. If Bitcoin manages to stay above $111K for a few more candles, it could confirm the strength of this breakout and potentially set up for a push toward $118,000. • Market Sentiment and BTC–Gold Correlation The market is showing a clear shift in sentiment. As gold takes a heavy hit, Bitcoin appears to be attracting some of that capital. A 7% rise in the BTC-to-gold ratio tells us that investors are increasingly favoring digital assets over traditional metals in this moment. This kind of move reinforces Bitcoin’s narrative as a “digital alternative to gold,” especially when traditional markets show signs of stress. The timing of gold’s drop and Bitcoin’s surge also fits the broader pattern seen during previous risk rotations, where investors move away from slower, defensive assets into higher-yield opportunities. • What to Watch for Next Traders should keep an eye on how $BTC behaves around the $111K–$112K zone. A retest and successful bounce from that level would confirm the breakout’s strength. Sustained high volume during the next few candles would also support a bullish continuation scenario. Another thing to monitor is gold’s next move. If gold continues to slide, Bitcoin might keep outperforming as it absorbs some of the safe-haven capital flow. Altcoins could also start reacting positively, as strong Bitcoin moves often trigger mini alt-seasons. ---

$BTC if this hourly candle egulfs the last buying candle , we gonna see a strong reversal

🔥$BTC Bitcoin Update: Market Reaction to US-China Summit 🔥 The recent US-China summit has injected fresh momentum into the markets, sparking a positive response across risk assets. Bitcoin, in particular, has shown resilience, with prices reacting favorably to the diplomatic developments. This external catalyst has amplified the ongoing recovery, underscoring how geopolitical events can swiftly influence crypto sentiment and trading dynamics. Chart Analysis: Breakout and Key Levels to Monitor Diving into the daily chart, BTC has successfully broken out of a longstanding resistance trend line, marking a bullish milestone. The price is now comfortably positioned above the supporting trend line, currently around $110,800, which provides a solid foundation for further advances. Overhead, the immediate key resistance lies at $116,000 a level that, if cleared decisively, could propel the asset toward the next major target at $121,000, potentially extending the rally. Outlook: Sustained Pump or Temporary Excitement? That said, caution is warranted: While the breakout suggests underlying strength, any erosion of the $110,800 support could trigger a retest of the trend line, with lower targets outlined in the provided charts as contingency scenarios. This setup raises an intriguing question amid the summit-fueled optimism—can the market sustain this pump and build on the momentum, or is it merely a burst of excitement before a pullback to consolidate at support? What do you think? Share your insights below.