$USDC Technical Analysis of Bitcoin (BTC/USD) After Breaking 99K
Overall Trend:
Strong Bullish Trend.
No historical resistance above the current price; the market is in "Searching" mode.
Support and Resistance Levels:
First Support: $99,000 (psychological barrier and broken resistance turning into support).
Second Support: $95,500 (strong technical level + nearby moving averages, such as MA50).
Nearest Resistance: $100,000 (psychologically rounded number where profit taking is normal).
Next Resistance: $105,000 – $110,000.
Technical Indicators:
RSI (Relative Strength Index): In overbought zones (>75), a slight correction may occur.