🔥 **BITCOIN NEARS $100K: WILL IT BREAK THROUGH THIS WEEK?
👀 Bitcoin is trading around $98,914, edging closer to the $100,000 milestone. This surge is fueled by institutional investments, such as MicroStrategy's $21 billion equity offering to acquire more BTC .
Technical indicators show bullish momentum, with Bitcoin breaking out from a descending channel and pennant pattern. However, lower trading volumes suggest caution. Key resistance levels are at $100,000 and $107,000, while support lies at $92,000 and $85,000 .
Analysts predict that if Bitcoin maintains its current trajectory, it could surpass $100,000 soon. However, a failure to hold above $96,957 may lead to a pullback to the $76,000 range .
While the outlook is optimistic, investors should monitor market trends closely, as volatility remains a significant factor.
