Bitcoin ( $BTC ) Outlook — Easy Breakdown
Bitcoin is currently trading around $95,000 and showing strong bullish momentum. Here's what the chart tells us:
• Resistance Ahead: The key resistance level is around $96,480. If BTC breaks this, the next major target is $110,000.
• Support Zones: In case of a pullback, strong support lies near:
• $88,000 (Fib 0.382 level)
• $81,285 (Fib 0.5 level)
Scenarios to Watch:
• Break and Retest: BTC may break above $96.5K, retest it as support, and then push toward $110K.
• Deeper Pullback: If rejected, a drop toward $88K–$81K could be a healthy correction before moving up again.
Overall, BTC is in a bullish structure but needs to stay above key supports for the rally to continue.