๐ฅ๐ฅ๐ฅ#Bitcoin ๐ค๐ค๐ค(BTC/USD) - Bullish Continuation After #Breakout ๐ฅ๐ฅ
Trend: Bitcoin has recently ๐ฅ๐ฅ๐ฅ#Brokenheart ๐ค๐ค๐ค above a key resistance level (~$95Kโ$99K) and is showing signs of bullish continuation.
Current Action: Pullback to retest the former resistance as support, a typical bullish structure before another upward leg.
๐ค๐ค๐ค๐ฅ๐ฅ๐ฅ#targetsAchievedSuccessfully ๐ฅ๐ฅ๐ฅ Highlighted by Analysts:
$104,550 โ Near-term resistance and potential breakout target.
$106,000โ$109,000 โ Projected targets by wave analysts, marking a continuation of a wave 5 move.
Risk Levels:
Short-term support around $95,000โ$95,400 (retest zone).
Key downside target (if failed) could be $86,600, per some traders' risk models.
Sentiment: Mostly bullish across major exchanges (๐ฅ๐ฅ๐ฅ๐ค๐คโค๏ธ๐ฅ#MostRecentTrade ๐ฅ๐ฅ๐ฅ๐ฅCoinbase, Bitfinex, Bitstamp), but oscillators and moving averages show neutral signals, suggesting some caution.
Key Considerations
Historical patterns (2021 comparison) suggest a similar bullish structure.
Volume interpretation and technical indicators should be analyzed carefully โ red and green volume bars may mislead.
If support holds on the retest, continuation toward all-time highs appears likely.