šØ MAJOR
$BTC UPDATE about NEW ATH šØ
š The crypto world is heating up, and #BTC is right in the spotlight! After bouncing back from the crucial support zone of 89k, Bitcoin is now flirting with 102kāa key resistance level.
Whatās next?
š¹ If this breakout sustains, weāre eyeing two major milestones:
⤠$110K ā
⤠$120K ā
Both are realistic targets, and with BTCās current momentum, a new ATH (All-Time High) seems inevitable!
š” Key levels to watch:
š„ Resistance: 102k
š§ Minor Support: 98.9k
šØ Major Support: 96.5k
š© Crucial Support: 89k
Understanding Support Levels:
šø Minor Support (98.9k):
This level acts as the first buffer for price drops. If
$BTC fails to hold this zone, itās often an early indicator of potential weakness, triggering a test of major support levels.
šø Major Support (96.5k):
A key psychological and structural level, this support has historically held strong during corrections. Losing this zone is a warning sign for long positions, as it increases the likelihood of revisiting the crucial support below.
šø Crucial Support (89k):
The final defense for the bulls! Historically, when BTC has broken below crucial support levels, sharp downward moves followed. If 89k is breached, the probability of a drop to 70k skyrockets to 95%, with a slim 5% chance of a bounce from the 85-86k region.
Historical Trends:
š¹ In the past, BTC has respected minor, major, and crucial support levels with remarkable precision. For instance:
⤠June 2023: BTC rebounded from the major support zone of 25k before rallying to 32k.
⤠October 2024: A bounce from crucial support at 72k led to a move toward 100k.
The current price action echoes these patterns, making it crucial to monitor these levels closely!
š¬ Will we see $120k sooner than expected, or could a pullback to 85k/70k be in play?
š Ready for a wild ride?
#CryptoSatRed