Bitcoin at a Crossroads: What’s Next After $97.9K?
Bitcoin (BTC) just pulled back to $96,057, slipping 0.85% after tapping a recent high of $97,895. The momentum looks shaky, but the trend is still in play. With a 4-hour RSI(6) of 40.91, BTC is cooling off — but not out of the game yet.
What might happen next?
BTC could dip further toward $94,700–$93,600 for a healthy retest. But if it holds above $95K, a strong bounce could lead to another attempt at breaking $98,150, potentially sending it toward six figures.
How to take profit:
• Breakout Hunters: Enter on a confirmed break above $98,200 with volume. Target $100K with a stop around $96K.
• Range Traders: Buy near $94,700, sell near $97,800. Set tight stop-losses.
• Scalpers: Ride the waves between $95,500–$97K using RSI and candle signals.
Quick Tip: Don’t get greedy — partial exits near highs lock in gains and reduce risk.
