Bitcoin Poised for a Breakout Above Key Resistance!
Current Price: $96,330.95 (+1.48%)
Bitcoin is approaching a major resistance zone between $95,400–$95,800, a level that has consistently rejected upward moves in the past. However, the broader trend remains bullish — higher lows and an ascending trendline continue to support the structure.
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Market Structure:
Resistance Zone: $95,400–$95,800 (multiple rejections)
Support Zone: $93,000–$93,800 (liquidity sweep potential)
Trend: Bullish with higher-timeframe support
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Key Scenarios:
Bullish:
A short-term pullback into the $93,000–$93,800 support could offer the perfect setup. If buyers defend this level and higher lows form, expect an aggressive push above $95,800. A breakout here could trigger a fast move toward $105,000.
Bearish:
Failure to hold support and the trendline would break short-term structure, opening the door for a deeper retracement.
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Trading Strategy:
Wait for pullback: $93,000–$93,800 is the key zone.
Watch resistance: A confirmed breakout above $95,800 is your long trigger.
Avoid chasing: Let the market come to your setup.
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Outlook:
Bitcoin is consolidating under major resistance, likely gearing up for a decisive move. As long as the trendline holds, the bullish bias remains. Patience and disciplined entries will be crucial in the days ahead.
Trade smart — manage your risk!
