💡 Quick technical analysis:
✅ Strong rise and stability above resistance!
After a long horizontal movement between $88,000 and $94,000, BTC was able to break the resistance and rise to $97,424 – revealing clear buying interest.
✅ RSI is high but not excessive
The Relative Strength Index (RSI) is at 72.04, indicating entry into the overbought zone, but has not yet reached excessive peaks – there is still room for further rises.
✅ MACD supports the upward trend
The difference between DIF and DEA is positive, and momentum in MACD is gradually returning to the upward trend – indicating that the market is heading to strengthen gains.
✅ Gradual upward pattern with stability
The chart shows a calm and continuous upward pattern, with clear resistance at $97,424 – and if broken, we could see a jump towards $100,000!
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🚀 Expected scenario:
If the level of $97,424 is broken steadily with strong trading volume, the next target could be near $100,000 - $102,000.
However, in case of a correction, the important support lies in the range of $93,757 - $94,500.
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📊 Is there an explosive technical pattern?
✅ "Ascending Triangle" pattern
The price is forming within an ascending triangle, with horizontal resistance and rising peaks – breaking this pattern is considered a strong signal for a sharp rise.
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🚨 Supporting signals from indicators:
RSI is high but not overly saturated → upward momentum is still present.
MACD is in a positive crossover → momentum is heading upwards.
Stable trading volumes → a beginning for potential accumulation before an explosion.
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🎯 Upcoming movement predictions:
An upward move towards $100K is very possible if the break of $97,424 is confirmed with strong volume.
A slight correction towards $94K is likely before the upward continuation.
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💬 My personal opinion:
Bitcoin shows remarkable strength, and the next resistance is on the doorstep. The overall pattern is very positive, but caution is required with RSI nearing saturation.
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✅ Final advice:
Place a stop-loss below $93,500 to avoid sharp reversals.
Do not invest all your capital – distribute risks.
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📢 Do you think BTC will reach $100K this week? Or is the market preparing for a counter surprise? Share your opinion!