Technical analysis with support and resistance levels also next price $100000 or above
Key Levels:
Resistance Levels:
$97,895 – Recent swing high and current resistance.
$99,065 – Near psychological and technical resistance based on MA(99).
$100,000 – Major psychological level, likely to attract heavy selling pressure.
Support Levels:
$96,000 – Aligned with MA(7), acting as short-term support.
$93,900 – Recent daily candle low.
$91,300 – MA(25), potential medium-term support.
$89,700–$90,000 – MA(99) zone, key support area if trend reverses.
Technical Indicators:
Price above MA(7), MA(25), and MA(99) – Suggests bullish momentum.
MACD: Still above the signal line, but histogram is weakening – could signal short-term consolidation.
Volume: Slightly decreasing, which may indicate weakening momentum on this push.
Outlook / What’s Next:
Bullish Case: If BTC breaks and closes above $97,895 with volume, a push toward $99,000–$100,000 is likely.
Bearish Case: Failure to break resistance could result in a pullback to $96,000 or deeper to $93,900–$91,300.
Watch the volume and MACD closely in the next 24–48 hours for clearer confirmation.
