After nearly a week of tight consolidation around $95,000, Bitcoin (BTC) is showing no signs of weakness. Instead, it appears to be gathering strength for a potential breakout that could push prices toward $98,000 and possibly even $100,000 in an aggressive upside scenario.
Key Observations:
No Major Sell Pressure: Despite sitting near a key resistance level for over 7 days, BTC hasn’t faced significant selling. This signals strong holding sentiment and confidence among bulls.
Rising 4H Lows: On the 4-hour chart, each dip is met with higher lows—a classic sign of bullish accumulation and upward momentum building in the background.
Repeated Tests of Resistance: BTC has tested the $95,000 resistance multiple times, weakening the level with each attempt. A confirmed breakout could lead to rapid price acceleration.
Short-Term Targets:
1. $96,200 – A short-term breakout confirmation point.
2. $98,000 – A strong psychological and technical resistance level.
3. $100,000 – The big milestone, which could be hit in an extreme breakout scenario if momentum and volume align.
Caution for Traders:
While the momentum looks strong, traders should manage leverage wisely and maintain clear stop-loss strategies. A failed breakout or fakeout could lead to sharp volatility. Always position size responsibly and avoid overexposure.
Conclusion:
BTC’s current structure suggests the market is coiling for a breakout. With solid technical support and strong sentiment, the road to $100K is no longer just a dream—it’s a realistic near-term scenario.
Stay alert.
Manage your risk. Let the trend be your friend.
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