$BTC BTC/USDT ANALYSIS - HAS THE TRADER WOKEN UP?
BTC has just made a spectacular breakout, clearly surpassing the sideways range of 84,000 – 85,000 with strong volume!
In the 1H & 4H timeframe, BTC is “on fire” – RSI is overbought, and the price is shooting straight up to 87,600. But remember, after a speed-up, it may need a little rest to… gain momentum. The nearest support zone is 86,200 – 85,800.
In the 1D timeframe, BTC is touching the EMA99 resistance zone around 87,370. If it breaks through this zone, BTC could advance towards 91,000 – 94,000 in the near future.
What about the 1W timeframe? BTC is trying to “return to the race” – just surpassing 88,000 will completely open up the path to 95,000 – 100,000!
In summary:
• Short-term: A slight adjustment may occur, but still bullish.
• Medium-term: If it holds above 85,000, there is a possibility to continue up to 91K – 94K.
• Long-term: Breaking 95K = opening the door to 100K!
For those holding, remember to buckle your seatbelt!
For those on the sidelines? Don’t FOMO, wait for a nice pullback to enter – the game is still long!