$BTC

Bitcoin Bulls Charge Ahead: Breakout or Bull Trap?

Bitcoin has surged past the $97.6K mark, gaining +1.16% on the daily close—marking a strong continuation of bullish momentum.

As seen on the chart:

BTC has decisively broken above key resistance levels and is trading well above the 50-day and 200-day moving averages.

The recent golden cross between the shorter EMAs signals potential for sustained upside.

Volume is climbing steadily—indicating strong buyer conviction.

With the halving now behind us, is this the start of Bitcoin’s next leg toward $100K+?

Key Levels to Watch:

Immediate Resistance: $98K – $100K

Support Zone: $93.5K – $95K (watch for pullbacks)

Strategy Tip: A healthy correction could provide a prime opportunity for re-entry before the next push. Always manage risk and avoid FOMO.

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