“Bitcoin Bull Run: Is $100K Next? 📈”
Analysis:
#DigitalAssetBill #BTCRebound #BTC #StrategicBTCReserve #btc $BTC
Bitcoin has decisively broken above the $95,000 zone and is now eyeing the $100,000 psychological level. Here’s the concise breakdown:
Candlestick & Price Structure: A strong 4H bullish engulfing candle confirmed the breakout above $95K, with recent swing high at $97,424 acting as interim resistance.
Key Levels:
Support: $95,000 (former resistance) & $92,000 (mid‑April consolidation low)
Resistance: $97,424 (recent high) & $100,000 (round number)
Moving Averages: The 7‑period MA has crossed above the 25‑period MA on the 4‑hour chart, signaling continuation to the upside.
Momentum & Volume: RSI ~65 (room to run) and rising MACD histogram back up bulls; volume spikes on each advance validate buyers.
Fundamentals & Market Logic: Institutional inflows via spot ETFs, corporate BTC buybacks, and macro hedge demand underpin the rally.
Indicator Signals: Bollinger Bands expanding—volatility is rising, favoring trend continuation.
Conclusion & Trade Plan:
Bullish Bias: Enter longs on minor pullbacks into $95K–$97K, targeting $100K and beyond.
Risk Management: Place stop‑loss below $92K to protect against invalidation of the breakout.