Stop Scrolling! Here's The Important $BTC Update ‼️
Traders, as we see on the chart, $BTC is pumping with strong momentum after forming a bottom. However, it is now approaching the historical trendline support which has now turned into a key resistance.
We need a daily candle closing above this trendline resistance, which is currently positioned at the $93k to $95k zone. Breaking and holding above this level will propel us toward the next horizontal resistance zone.
This next zone is critically important, situated between $98,000 to $100,000. This area will likely decide whether we continue toward a new All-Time High (ATH) or face a significant move back to the downside!
So, the overall current sentiment is that the Bulls are trying strong, but they must first breach the $93k to $95k trendline resistance.
First Target: Break $93,000 to $95,000.
Second Target: Aim for $98,000 to $100,000.
For a new All-Time High, $BTC absolutely needs a candle closing above the $98k to $100k resistance zone.
What do you think, traders? $100k+ toward ATHs or a drop back to the $78k to $75k range?
I believe there are high chances to head toward new highs, especially if we get a Fed rate cut in December. Currently, the probability for a Fed rate cut is being priced at approximately 70-80%! Let's see 👀
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