$BTC Update 🚀

Bitcoin (BTC) is trading around $95,072, reflecting a 1.4% intraday gain.

Technically, BTC has broken out of a four-month falling wedge pattern, a bullish signal confirmed by a Relative Strength Index (RSI) above 50. The price is approaching the psychological resistance at $100,000; a decisive close above this level could target $107,000, based on the pattern’s measured move.

Support is seen around $85,000, aligning with recent breakout levels, while a deeper pullback could bring prices to $76,000, an area of potential investor accumulation. Despite bullish indicators, trading volumes have been weak, reflecting cautious sentiment among investors.

In summary, Bitcoin’s technical outlook remains positive, with key resistance at $100,000 and support at $85,000. Traders should watch for a confirmed breakout above $100,000 or a potential pullback to support levels.