Gate Research Institute: Bitcoin returns above $110,000 | Participate in Launchpool to share 6,000,000 CGNencryption asset panorama
BTC (2.17% | Current Price 110,523 USDT)
Today, BTC overall maintains a strong oscillating trend, with prices gaining support at 109,000 and oscillating upwards, currently trading around 110,500. The short-term moving average MA5 has crossed above MA10, forming a golden cross, indicating a recovery in bullish momentum. The MACD is also above the zero line, but the momentum has slightly weakened, suggesting that the upward strength is slowing down. If the price can stabilize above 110,200, it is expected to further challenge the resistance in the range of 111,000 to 112,000; if it falls below 109,600, it may test the support around 109,000 again. Overall, BTC remains bullish in the short term, but one should be wary of the risk of a pullback due to insufficient volume.
ETH (1.18% | Current Price 3,873
GateResearch·2025-10-24 07:12