#BTCBreaks99K
Today, Bitcoin (BTC) has officially surpassed the 99,000 USD mark, approaching the extremely strong psychological resistance level – 100,000 USD. However, according to many technical analyses and on-chain money flows, this could be a 'test break' before a slight adjustment to gain momentum for a real breakout.
Trading volume is rising sharply, but the RSI indicator has approached the overbought zone, making the possibility of BTC reversing to the 96,000 – 97,000 USD range entirely possible. This will be an important support zone – if maintained, the market could witness a strong bounce above 100,000 USD in the near future.
The money flow from whale wallets has not yet exited the market, indicating that long-term confidence remains. However, short-term investors should be cautious of 'shakeouts' in the next few sessions.