#BTCBreaks99K #BTCtrade Bitcoin's current price is $99,151.72, with a 2.56% increase in the last 24 hours. It recently broke the $99,000 mark, fueled by breakout momentum from a two-day bull flag formation. Key levels to watch are:
- *Immediate Resistance*: $99,700-$100,000
- *Near-Term Support*: $97,700, $96,000, and $94,500
Market indicators show ¹ ²:
- *RSI*: 68.21, near overbought but not signaling exhaustion
- *MACD*: Strong bullish crossover with rising histogram bars
- *Bollinger Bands*: Price near the upper band at $99,704, suggesting potential pullback
The forecast for May 9 suggests a critical test of short-term resilience, with a daily close above $99,700 potentially paving the way for a psychological breach of $100,000. If Bitcoin fails to hold $97,700, the move could turn into a false breakout, exposing the asset to a drop toward $96,000 or $94,500 ¹.#BTCBreaks99K