$BTC Here is an engaging thread about Bitcoin (BTC) with brief analyses and probabilities:

#BTC | Analysis and Opportunities: Are we witnessing a new breakout or an impending correction?

Bitcoin is approaching a significant psychological barrier exceeding $99,000, amid strong market momentum and the re-entry of major financial institutions. Market support comes from the general trend towards digital assets, in addition to the increasing adoption of stablecoins and payments through networks like the Lightning Network.

Technically, Bitcoin's break above the 98K resistance level is a positive signal and could push the price to 105K and then 110K if the momentum continues. However, on the flip side, the decline in trading volumes on some platforms might be an indicator of short-term weakness in confidence, opening the possibility for a correction to the 93K or even 89K levels.

In light of these factors, the market remains volatile and is heavily reliant on macroeconomic news and movements from the U.S. Federal Reserve.

And my question to you is: Do you think BTC is on its way to break 100K steadily? Or are we on the brink of a sharp correction? Share your analysis in the comments.