Bitcoin Rally Stalls Amid Altcoins
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Bitcoin priceCoinGape
•Business
Business & Economics
Bitcoin Price Analysis: BTC Eyes $110K Breakout as MicroStrategy and Metaplanet Invest Another $1.5 Billion
66% Informative
Bitcoin price hits $ 103,890 but stalls as traders rotate into memecoins like PEPE and SOL, seeking higher short-term volatility and gains.
MicroStrategy and Metaplanet injected $1.5 billion into BTC, reinforcing bullish macro signals and treasury adoption narratives.
Bitcoin price is consolidating within a narrow band between $101,000 and $ 103 K in the short term.
If momentum sustains, the next price target appears to be around $110,000 , with limited sell-side resistance above current price levels.
The Zig Zag pattern confirms a strong reversal from the April low at $ 74,508 , charting a rally of over $23,387 since then.
The True Strength Index (TSI) reads 0.74 , marking bullish momentum without signs of immediate divergence or topping out.
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