#NextMoveBTC Based on current data and technical indicators, hereโs a short-term outlook for Bitcoinโs next move:
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Bullish Scenario (Likely if BTC Holds Above $103,000):
โข Target: $109,000 (next major resistance, near ATH)
โข Catalysts:
โข Continued ETF inflows
โข Institutional accumulation
โข Retail FOMO (344,000+ new wallets created recently)
โข Indicators:
โข MACD bullish crossover
โข RSI still below extreme overbought (hovering around 68)
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Bearish/Correction Scenario (If BTC Falls Below $97,700):
โข Target: $96,000 (key support) or even $92,000 short-term
โข Triggers:
โข Profit-taking after big rally
โข ETF inflows slowing down (e.g., VanEckโs flat inflow)
โข Overbought RSI could lead to short-term selling
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Neutral/Consolidation Possibility:
If BTC stays between $98,000โ$104,000, we may see sideways action before the next breakout or breakdown.
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Bottom Line: If Bitcoin maintains momentum and closes the week above $103K with strong volume, a push toward $109K looks likely. But any sharp rejection at resistance or ETF slowdown could trigger a dip.
$BTC